INTL FC Stone Chief Commodities Economist Arlan Suderman says African Swine Fever impacting hogs in China will likely be a big story in 2019. “It looks like it has been spread across the major producing areas of China. There’s blocked transportation of hogs, which means they can’t move hogs from the northern production areas down to the packing plants that are in the southern population areas. China likes fresh pork. Pork prices are rising. It’s the number one driver of food inflation. We’re seeing a rapid rise in prices. The expectation is we will have significant culling of the world’s largest hog herd, an increase in the need for imports of various meats in order to replace that, and to keep the consumer happy within China.”
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