China's Pig Crisis Crippling Global Food Chain

In 2019, China faced a swine fever crisis that began with 47 dead pigs and quickly spread, affecting half the world's pig population. The disease led to a significant reduction in China's swine herd, with estimates suggesting a potential shrinkage of 134 million pigs. This crisis caused a rise in pork prices globally, as meatpackers redirected products to China. Analysts warn that the disease might still be spreading.

What has been the impact on wholesale pork prices in China compared to a year ago?

What do analysts suggest about the spread of the disease?