The numbers came in as economists expected in the September Quarterly Hogs and Pigs Report. According to USDA’s inventory of all hogs and pigs on Sept. 1, 2018, total inventory was 75.5 million, up 3% from a year ago.
China has been gobbling up the world’s soybeans at breakneck speed over the past decade. But as the trade spat with the U.S. escalates, its imports of the oilseed are set to decline for the first time in 15 years.
China is continuing to buy U.S. pork. The United States Department of Agriculture (USDA) is reporting weekly export sales for pork at a marketing year high thanks to China. Click on the link to learn more.