Pork Commentary: China, China, China
CHINA - China’s current hog price liveweight is 16.49 CNY/kg, or US$1.08 liveweight/lb. The USA liveweight price is $0.47/lb and Spain $0.62/lb. It doesn’t take an ag-economist sitting in a university cubicle to figure that Chinese producers are receiving up to $125 per head more than US producers. A reflection of Chinese domestic supply and demand, writes Jim Long, President-CEO Genesus Inc.
19 April 2017
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