ANALYSIS: African Swine Fever in China; Outbreak Update
The outbreak of African Swine Fever in China has placed an ominous cloud of uncertainty over the global pork market, which could in turn impact other protein categories as well.
It cannot be overstated how big of a player China is in the pork market, as it is home to half of the globe’s hogs. At roughly 55 million metric tons, China’s domestic annual pork consumption is nearly as large as all other countries combined (49.7% of global pork consumption in 2018). With that in consideration, any threat to their supply of hogs is deemed quite critical because it has the potential to...
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