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USDA reports that China's swine production is shifting from the Yangtze and South China regions toward North, Northeast and Southwest China. The Northeast, co-located with feed production, has the lowest production costs, while South China output has fallen due to stricter environmental rules.
Relocation toward feed-rich northern regions may lower costs and sustain Chinese hog output growth, supporting longer-term demand for corn and soymeal in northern China.
3tres3.comApr 13, 2018After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
