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The Economist's data team reports that China has launched a pork-price index to help smooth the pig cycle. China consumes about half the world's pork, and its supply has produced sharp price shocks.
A reference price index and planned hog futures could reduce extreme pork price swings in China, which affects global pork trade flows over time.
economist.comApr 21, 2017After 122 past policy events, Lean Hogs moved a median -0.2% over 5 sessions (46% higher; middle half -2.1% to +1.6%), and -0.3% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% 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.
