Will Chinese trade absorb the bumper US pig crop?
US hog prices started 2016 in a somewhat sluggish fashion, at levels well below those recorded in recent years, but have shown a gradual increase throughout the year.
However, of late there has been a certain amount of volatility in these prices. There have been two factors that have led to this. Firstly, there has been increasing optimism surrounding exports, with the strong Chinese demand now being accessed by US pork producers. On the other hand, there has been some uncertainty regarding supply, precisely oversupply, and this has kept prices back.
To read more about what has been happening with supply and exports in the United States, click here