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Chinese sow numbers fell 1.38 million year over year and pig inventory is 18.27 million lower, according to Ministry of Agriculture data. Environmental policy is forcing relocation of pig production, which is closing farms.
Shrinking Chinese hog supply supports import demand for pork and feed, which is bullish for hog prices and feed grains tied to Chinese demand.
thepigsite.comGlobal Ag MediaJun 6, 2017After 37 past bullish policy events, HOGS moved a median +0.0% over 5 sessions (51% higher; middle half -2.8% to +0.9%), and +0.2% over 20.
Not 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.
