date:Jun 17, 2015
ad risen to 14.45 rmb kg or $1.06 US Liveweight a lb. In 2 months, Chinas market hogs have gained $45 US per head. Just as importantly, the spread between the US current price of 58 lb. and Chinas $1.06 is over $120 USD per head. The spread is why we see upside for more pork exports to China from North America and Europe. With a $125 per head window, believe the capitalism is alive and well and pork will be moving. We believe the Chinese owners of Smithfield Foods will figure out how to ship por