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Jim Long of Genesus reports a visit with Wens Group, China's second-largest mega producer with about one million sows. Wens plans 150,000 more sows and a goal of 50 million market hogs a year by 2025.
US lean hog prices were 83 cents per pound last week, versus 66 cents a year earlier.
Wens' planned growth signals rising Chinese hog supply over the medium term, which is bearish for global pork prices. US hog prices are firm year on year, so near-term demand for feed remains steady.
thepigsite.comGlobal Ag MediaAug 22, 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.
