… China, the world’s biggest consumer of pork, appears poised to boost imports… “The turn higher in China’s pork prices is a bullish force, and it may help pull pork prices from around the world higher, as China is likely to become an active importer,” Hightower said…

 

 

A Pig-Breeding Shift in China Spurs a Rally in Hog Futures in the U.S.

 

    Swine disease cuts China’s output, signaling imports may climb

    With world’s biggest pork appetite, China ‘is a bullish force’

 

By Lydia Mulvany and Michael Hirtzer, Bloomberg 

March 12, 2019

 

China, the world’s biggest consumer of pork, appears poised to boost imports, lifting U.S. hog futures from the doldrums.

 

Spot pig prices in China surged 12 percent since March 8 to the highest in 23 months, and the shares of hog companies are trading at lofty multiples. Investors are betting on a supply squeeze after African swine fever spread to almost all of the Asian nation’s provinces, forcing farmers to cull animals.

 

In January, the hog-breeding herd in China fell 15 percent from a year earlier, the Hightower Report in Chicago said. If pork production falls by that percentage in the second half of the year, the country would have to import 1.54 billion pounds a month to maintain supplies, the analyst said.

 

“The turn higher in China’s pork prices is a bullish force, and it may help pull pork prices from around the world higher, as China is likely to become an active importer,” Hightower said.

 

On the Chicago Mercantile Exchange, hog futures...

 

more, including chart 

https://www.bloomberg.com/news/articles/2019-03-12/a-pig-breeding-shift-in-china-spurs-a-rally-in-u-s-hog-futures