{"id":154651,"date":"2019-09-03T10:45:17","date_gmt":"2019-09-03T14:45:17","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154651"},"modified":"2019-09-03T07:59:49","modified_gmt":"2019-09-03T11:59:49","slug":"lean-hogs-china-increased-pork-imports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/lean-hogs-china-increased-pork-imports\/","title":{"rendered":"Lean Hogs: China increased pork imports"},"content":{"rendered":"
September 3, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

China increased pork imports<\/strong><\/p>\n

Pork imports to China in July 2019 increased by more than 2 times compared to the same period last year. Will the LHOG quotations <\/a> grow ?<\/p><\/blockquote>\n

China is the largest buyer of pork in the world market. Due to African swine fever (African swine fever (ASF)), the number of pigs in the country has been greatly reduced. According to the Chinese General Administration of Customs, pork imports in July this year increased by 107% compared to July 2018 and reached 182.2 thousand tons. This is much more than the June indicator of 2019, which amounted to 160.5 thousand tons. For 7 months of this year, pork imports to China increased by 36% and reached 1 million tons. Due to ASF, the pig population in China in July 2019 was 32.2% less than last year. According to the US Department of Agriculture, pig slaughter in the United States in January-August 2019 increased by 3% compared with the same period in 2018 and amounted to 83.77 million heads. China has reduced the purchase of American pork to a minimum as retaliatory trade sanctions. However, its share in US exports was replaced by buyers from Japan, Mexico and other countries.<\/p>\n

\"LHOG\"<\/p>\n

On the daily timeframe LHOG: D1<\/b> has overcome the downtrend resistance line.Various technical analysis indicators have generated signals to increase. Further growth of quotations is possible in the event of an increase in global demand for pork.<\/p>\n