Will the Hog Market Respond To China Buys?
Pork Market Update 102119
China has been buying a lot of U.S. pork recently. Yet, the hog market may not see as big of a boost as what producers want with the news.
“When it was all set and done, [China bought] 351,000 metric tons,” said Arlan Suderman with INTL FC Stone. “That’s equal to about 1.2 times the weekly slaughter. That’s a big number.”