Hog Production Expands in China
LIVESTOCK AM OUTLOOK
Weights are beginning to come down. Average steer weights on the 5 day average dropped 19 pounds. If the drop continues, it will at least put less beef on the market especially for beef in big demand trimmings and grindings.
Another positive factor for the cattle market is that Select cattle that were bunched up a month ago are cleaned up.
2021 is the Year of the OX in China, but in reality it will be the year of the butcher hog when China is in its largest expansions in hog production. By mid-2021 plans for expansion are to have 50% more hogs on feed than pre-African Swine Fever.
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