The Wall Street Journal reports not enough pigs are heading to market in China, leading to soaring domestic prices, along with a rush of imports to fill the gap. Pork prices in China have increased 48 percent in the last year, and consumer prices were up 2.3 percent in March. Meanwhile, China’s pork imports were up 76 percent compared to a year earlier in February. The Steiner Consulting Group expects U.S. pork exports to China to increase by near 55 percent this year, compared to 2015. Exports from the U.S. to China are growing on the import demand and the recent removal of restrictions on U.S. pork by China. Chinese regulators last year lifted bans on U.S. processors that were implemented when the regulators say they found traces of ractopamine in U.S. pork products in 2014.
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