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Chinese pork prices have fallen to an average of 15.2 yuan per kg in 2017 from a record 21 yuan, reducing pork imports in the first ten months. Forecasts see prices falling further to 13 or 14 yuan per kg next year as large farms expand.
Lower Chinese pork prices and shrinking imports reduce global pork demand, pressuring U.S. hog exporters to find other markets. Weaker hog prices may also slow herd expansion and feed demand.
reuters.comNov 26, 2017Not enough comparable past events yet for a historical read.
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.
