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China produces about half of the world's pork, but backyard production is not keeping up with demand, making China the leading pork importer. A USDA Economic Research Service report compares Chinese and U.S. hog production costs, finding Chinese feed costs more than doubled from 2006 to 2014 while U.S. costs rose more slowly.
Rising Chinese feed and production costs keep domestic pork prices elevated, which makes imported pork more competitive and supports demand for feed ingredients used in hog production.
nationalhogfarmer.comJan 12, 2017After 61 past neutral report events, HOGS moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
