Golly guys.. I guess we could go with the WASDE...


Which the WASDE for China imports in 2016 was 93.5 mmt's
2017 94.13
and the Dec update for 18/19 is down to 90.. with some saying lower..

39 million head out of 440 million.. 10% down on 109 mmt's of demand.. 

Did China dip into it's stocks to cover the missing 18 mmt's NOT imported from the US..??

They only had 23.5 mmt's - 18 = 5 left..?? + 10 less demand = 15..

Losing 10% of their herd.. are they going to import more Pork?

Should we be bumping US domestic hog production/exports/meal usage...???

We know that South America WILL HAVE LESS SOYBEANS to ship..

Brazil estimated at 72.. Paraguay and Argentina at 10.8 combined.. = 82.8 vs 76.2 Brazil, 6.2 Paraguay and 2.11 Argentina = 84.51 mmt's last year.  DOWN 1.71 mmt's.

It has to come from somewhere..