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·         China big weekly buyer for soybeans, pork

… Net pork sales totaled 50,300 tons. The reported buyers were China (23,800 tons), Mexico (8,900 tons), Japan (4,500 tons), Canada (2,900 tons), and Colombia (2,100 tons), with a cancellation by Nicaragua (200 tons)…

 

·         China likely to boost pork imports; spurs rally in US hog futures

… Spot pig prices in China surged 12 per cent 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…

 

 

China big weekly buyer for soybeans, pork

 

By John Perkins, Brownfield 

March 14, 2019

 

China showed up in a couple of significant spots in the USDA’s weekly export sales report. During the week ending March 7, China bought more than 1.7 million tons of U.S. soybeans and 23,800 tons of U.S. pork, making it the top weekly buyer for both commodities. No date has been announced for the resumption of face to face trade talks between the U.S. and China.

 

Combined old and new crop export sales for beans, corn, soybean products, and wheat were within most pre-report expectations. The 2018/19 marketing year runs through the end of May for wheat, the end of August for beans, corn, and sorghum, and the end of September for soybean products...

 

Net pork sales totaled 50,300 tons. The reported buyers were China (23,800 tons), Mexico (8,900 tons), Japan (4,500 tons), Canada (2,900 tons), and Colombia (2,100 tons), with a cancellation by Nicaragua (200 tons).

 

Net beef sales totaled 12,800 tons. The listed purchasers were Japan (6,500 tons), South Korea (1,700 tons), Taiwan (1,500 tons), Hong Kong (1,100 tons), and Canada (1,000 tons).

 

more

https://brownfieldagnews.com/news/china-big-weekly-buyer-for-soybeans-pork/

 

 

China likely to boost pork imports; spurs rally in US hog futures

 

BLOOMBERG

via The Business Times (Singapore) - Mar 14, 2019

 

Chicago | CHINA, the world's biggest consumer of pork, appears poised to boost imports, lifting US hog futures from the doldrums.

 

Spot pig prices in China surged 12 per cent 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 per cent 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 (698.5 million kg) 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 for June settlement jumped 6.3 per cent in the past three sessions...

 

more

https://www.businesstimes.com.sg/consumer/china-likely-to-boost-pork-imports-spurs-rally-in-us-hog-futures

 

 

China likely to boost pork imports; spurs rally in US hog futures

 

BLOOMBERG

via The Business Times (Singapore) - Mar 14, 2019

 

Chicago | CHINA, the world's biggest consumer of pork, appears poised to boost imports, lifting US hog futures from the doldrums.

 

Spot pig prices in China surged 12 per cent 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 per cent 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 (698.5 million kg) 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 for June settlement jumped 6.3 per cent in the past three sessions...

 

more

https://www.businesstimes.com.sg/consumer/china-likely-to-boost-pork-imports-spurs-rally-in-us-hog-futures