China made its biggest purchases of U.S. pork in nearly two years last week, U.S...
CHICAGO - China made its biggest purchases of U.S. pork in nearly two years last week, U.S. Department of Agriculture data showed on Thursday, as Chinese hog prices surged after an outbreak of a deadly swine disease.
The duties had slashed China’s imports of U.S. pork from companies such as WH Group Ltd’s Smithfield Foods since last summer. “They are going to need pork and lots of it,” Dennis Smith, a commodity broker for Archer Financial Services in Chicago, said about China.
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