According to official figures, China’s inventory of breeding sows rose 0.6% in October, as reported by Reuters. That is a first sign that pig production may soon start to recover after the African Swine Fever (ASF) outbreaks. The recovery was the first small increase since April 2018.
Following a severe outbreak of African Swine Flu (ASF) on the Chinese mainland, U.S. meat exports to the country have risen dramatically. According to trade data from the USDA released on Aug. 2, beef exports from the U.S. to China were up 73% in June 2019 compared to June 2018.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.