Wednesday, March 30, 2016

Chinese finally buying Canadian pork

A long-awaited surge in Chinese purchases of Canadian pork appears to be here.

Kevin Grier told a webinar organized by the Ontario Pork marketing board that sales to China surged by 180 per cent over year-earlier levels in January and have been strong during February and March.

He forecast a slight decline in North American hog marketings during the summer, which is the seasonal pattern, and then an increase this fall.

Many American analysts are saying there won’t be enough packing-plant capacity to take all of the hogs that will be ready for market over about a nine-week period this fall.