WPX: Record Pig Prices in China Driving EU, US, Canadian Markets
ANALYSIS – The big driver in the global pork market today is China, who represents half of the pigs on the planet, and so any disruption to Chinese inventory can have major ramifications around the world, said Brett Stuart, president of Global AgriTrends, to pig producers at the Boehringer Ingelheim Vetmedica business seminar held at the 2016 World Pork Expo.
Brett Stuart, president of Global AgriTrends, speaks to ThePigSite’s Sarah Mikesell about global trends in the swine industry at World Pork Expo in Des Moines, Iowa, USA.
“China’s hog market has cycled, and they are having very tight supplies, driving their hog prices to all-time record highs,” said Stuart. “Those high Chinese hog prices are now double the price of US hogs, which is incredible when you think of half the hogs in the world now priced double the US prices. When that happens, imports become a component for China.”
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