In an article about the futures market for hogs, Bloomberg.com revealed an interesting cultural fact about China. It turns out that this year the country could buy as much as 5% of US hog output. Why the demand?
China’s is the biggest pig eating country in the world, but because of high corm prices in China many hog farmers have culled their herds. That will not slow the country’s hog consumption or its desire to eat the whole animal – meaning the pig’s feet, ears and snout in addition to the standard cuts. And that is why demand for hogs from the US is up. Source: Bloomberg