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CoBank's report says China's hog prices have fallen about 30% from their peak a year earlier, and that rebuilding of the herd increases the risk of US pork oversupply. US pork exports to greater China have surged this year.
The bank recommends the US industry diversify into Asian and Latin American markets.
Risk of US pork oversupply as Chinese demand slows is bearish for hog prices and reduces feed demand from US hog producers.
feedstuffs.comKrissa Welshans9 Nov 2020Setelah 159 peristiwa laporan bearish sebelumnya, Babi Hidup (Lean Hogs) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,2% sampai +1,3%), dan +1,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
