Don’t Throw Out That Pig Snout When It Can Be Shipped to China
- U.S. pork shipments to China more than double in 2016
- Investors increase bets on a hog rally by most since January
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In the U.S., foodies call it nose-to-tail eating. In China, it’s just called dinner.
A robust appetite for cuts like pig feet, ears and snouts in the world’s biggest pork-consuming nation is fueling a rally for hogs in Chicago. Investors last week increased their bets on a hog rally by the most since January, and the number of contracts outstanding has jumped to the highest in two years.