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Rabobank's Global Animal Protein Outlook 2018 expects China to import more beef, pork and poultry from South America, North America and Europe as slower domestic production growth meets rising demand. Chinese meat imports reached over 1.6 million metric tons in 2016 after a hog herd rebound, and environmental closures have reduced small farms.
Rising Chinese meat imports support global meat trade and feed demand for exporting countries, while structural constraints on domestic output add to upward pressure on protein prices.
poandpo.comDec 29, 2017After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% over 20.
After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
