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Genesus commentary says China hog prices averaged 18.33 RMB per kg last week, about $1.21/lb liveweight, versus far lower US market hog values. Chinese pork consumption fell 1.4% in 2016 and total pigs marketed fell 5.1%, with farms slowing sow culling and expanding herds.
Lower Chinese pork output and strong import demand support hog prices and pork export demand from EU and North America, which feeds into lean hog and feed demand for meal and grains.
thepigsite.comGlobal Ag MediaFeb 8, 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.
