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USDA expects the Chinese sow herd to grow in 2018 for the first time in six years, after the national pig herd shrank by about 55 million head between 2012 and 2017. Larger integrated farms are expanding while backyard farms shrink under tighter environmental rules.
Chinese live pig prices have eased from their July 2016 peak to more moderate levels.
Rising Chinese herd growth points to lower pork import demand in 2018, which weighs on global pork and feed-grain demand from China. Lower imports would pressure the outlook for feed ingredients tied to hog production.
en.boerenbusiness.nlWouter BaanOct 17, 2017After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
