The tighter global corn supply, a result of flooding and delayed planting in the U.S., is occurring simultaneously with China’s increased demand for imported pork due to African swine fever (ASF) losses. This is reportedly causing concern amongst hog producers in Brazil and elsewhere. Indeed, livestock producers are said to be at risk because of the impending higher feed costs. However, meat demand and, consequently, livestock profitability should be a byproduct of broader economic growth rather than strictly feed costs. In fact, global pork production appears to be rather impervious to the corn production situation (see graph below). Its upward trend did not waiver when corn stocks were tighter between 2003 and 2010. For that matte...