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A Pig Site commentary on the Chinese hog industry for 2017 says 2016 was a strong year for producers, with tight supply after large sow culls in 2015 keeping pork prices high. Pork imports rose to 1.5 million tonnes in 2016 but remained far too small to pull domestic prices down.
Government policy is moving farms away from densely populated areas toward the northeast and southwest.
Sustained high pork prices and limited import pressure suggest continued supportive hog margins in China, which can sustain feed demand, though the regional shift in production adds some uncertainty.
thepigsite.comGlobal Ag MediaJan 19, 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.
