Chinese hog farms panic as swine virus shrinks herds China produces half the worlds pork, but 80
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Chinese hog farms ‘panic’ as swine virus shrinks herds China produces half the world’s pork, but 80 percent of China’s hog farms are not going to restock as a swine fever spreads. Farmers fatten hogs with soybean, so imports of soybeans are expected to fall by 85 million tons by September.
Explain how the virus will change the prices of hogs, soybean, and pork.
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The virus decreases the supply of hogs an...View the full answer
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