Hog prices are currently depressed in China, but the near universal view in business publications and investors calls is that the market will rebound in the 2nd half of 2022.
However, when there is a widespread consensus in the market about what prices will do, that is very often a risk that prices won’t do that.
Recently, Shennong Group, a publicly traded hog company, announced plans to expand in 2022. Last year, they sold 650k live hogs and they are hoping to sell 1 million in 2022.
Traditiona...