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| China has lost roughly 10 million sows, at 15 PSY that equates to 150 million hogs out of their supply chain. 150 million pigs x 8.9 bu of corn from wean-market = 1.3B bu. not needed to feed hogs this year. China has committed to importing 97000 MT of US pork this year, last year they imported 5000 MT. US production cannot keep up or increase fast enough. ASF also has no vaccine and could be 10+ years before one is developed due to the size and structure of the virus. | |
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