Per Dave Juday’s recent Livestock Roundup report, China has ample opportunity to replace its lost pork production with imports of pork or chicken meat. China has reportedly lost nearly half its hog herd and pork prices, excluding offal, are up to $2.02/pound. This price is significantly above U.S.-sourced animal protein prices. Pork represents 60 percent of Chinese animal protein consumption and U.S. lean hog futures are 68 percent less than Middle Kingdom prices. Ignoring the Chinese preference for pork and assuming an adjustment to more poultry consumption other than paws, U.S. boneless breast meat in the third quarter was 46 percent less than the China pork price, and more recent data suggests that it is 56 percent less expensive...