As more reports that China is understating the impact of its African Swine Fever outbreak surface, Van Ahn and Company market analyst Kristi Van Ahn remains cautious about China’s African Swine Fever numbers. “China doesn’t report things very well.” Van Ahn says this is worrisome for the soybean market. “What they’re reporting is a pretty stiff decrease in hogs, which is going to hurt their meal demand. If they’re not reporting it right, it could hurt things even more. We need them to be buying our beans,” she explains. “Maybe it would help if they buy U.S. pork. For now, it seems like they’re trying not to buy too much.”
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