Video: China Setting Groundwork to Stabilize Trade

by Archer Financial Services | Jul 10, 2019
By Dennis Smith 
To learn more about Dennis, click here

China Setting Groundwork to Stabilize Trade

July 10, 2019

  • U.S. pork is cheap and finally attracting large buyers.
  • My beef sources indicate beef is losing demand to pork.
  • Bellies should catch fire at this time of year.
  • Weights dropped 2.2 lb last week and now reside only 1.8 lbs over last year.
  • Hog numbers should drop off by 5% in the next couple of weeks.
  • Various sources continue to whittle down feed demand in China due to ASF.
  • The U.S. hog & pig report was not bearish, showing extreme caution toward expansion.
  • Sources confirm that EU pork production is actually in slight contraction.
  • ASF continues to spread in China and likely still spreading in Vietnam.

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