Reports swirled on Monday that China was lashing back at the U.S. by temporarily halting purchases of U.S. pork and soybeans. However, daily sales tell a different story. So, will China continue to buy?
High feeding margins in China are motivating Chinese pork producers to feed market hogs to heavier weights. This is impacting the market in many ways, says Arlan Suderman, chief commodities economist at INTL FCStone.
Germany's swine herd numbers are reaching near 20-year lows, resulting in a decline in pig feed demand. This causes challenges for the U.S. as it’s currently the top exporter of commodity soybeans to Germany.