Wall Street may tell you that pork bellies are "low" but pork prices in China are going thru the roof. A swine fever epidemic caused them to cull the herd so there is a shortage of hogs. As we have an oil reserve so China has a pork reserve which they have had to dip into. They have thousands of TONS of frozen pork in a dozen huge warehouses at zero fah. To celebrate China's 70th anniversary last week they "pulled" thirty thousand TONS of pork from reserves to accommodate demand. The hog callers in Iowa must be impressed. Sooey!
tjs
(NYT 10/8/19)
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