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China's hog production faltered during its shift from backyard farms to modern barns but is now catching up with demand. The country may need fewer pork imports in 2018 as domestic output recovers.
Lower Chinese pork import needs weigh on global hog prices and reduce the feed demand that comes with imported pork production. The outlook points to softer import-driven demand for meat and feed.
producer.comadminMay 25, 2017After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% 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.
