China National Pig Inventory at end of December 2018 was 366.2082 million, down 38.2581 million from December 2017. The sow inventory at the end of December 2018 was 29.7314 million, dropped by 699,900 head compared to November. The sow inventory 2018 decreased 9.64% compared to 2017. Down 4.5 million sows December to December. U.S.D.A. total swine inventory on the 1st of December was 74.55 million, China has decreased over 50% of all the U.S. industry!

Folks we don’t want to be beating a dead horse, but as we repeatedly point out China is having massive beyond comprehension liquidation, with an estimates 699,000 sows going out of production in December alone, the liquidation continues at an unprecedented rate. We expect one of the biggest challenges going forward will be how much how fast containers carrying pork can get to China “when this dog hits the end of the chain!” •