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HALF OF CHINA'S HOG HERD KILLED BY ASF, FIVE YEARS TO REBUILD
Nov. 12, 2019
Hoosier Ag Today radio network reports:
Rabobank says China's pig herd, once the largest in the world, will take more than five years to recover from the African Swine Fever outbreak.
Even then, Rabobank International says their meat consumption won't be the same as it was before the disease outbreak.
The world's biggest pork market won't stabilize until 2025 and meat imports won't make up for the shortfall.
China's once giant hog herd is more than half of what it was, down to less than 200 million since the first case of ASF was made public in August of 2018.
A Rabobank analyst notes that China is rapidly trying to increase its domestic production, while importing more pork and other proteins like beef and chicken, in hopes of satisfying consumer demand.
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