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China’s Hog Troubles Are a Boon for American Pork Producers

  • As disease hits herds, demand is boon for American farmers
  • Turn in ‘China’s pork prices is a bullish force’: Hightower
The Paustian Enterprises Pig Farm As Trump Vows Farmers To Be 'Better Off' Because Of Trade Fight
Photographer: Daniel Acker/Bloomberg
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China, the world’s largest consumer of pork, made its biggest purchase of the meat from the U.S. in nearly two years as African swine fever reduces hog herds and drives up prices.

The Asian country bought 23,800 metric tons in the week ending March 7, the largest sale since late April 2017 and the third biggest in data going back to 2013, the Department of Agriculture reported Thursday. Lean hog futures for June delivery surged as much as 3.4 percent to 83.6 cents a pound on Thursday, the highest for the contract since Dec. 14.