The current concern by some about rising grain prices will soon be met by falling meat prices. China reportedly imported 9.91 MMT of meat in 2020, a 60 percent increase to address shortages caused by ASF.  That means that roughly 30 percent of globally traded meat went to China. With China’s rebuilding of its hog herds occurring faster than expected, producers elsewhere will need to concurrently make quick downward adjustments in their output or else risk a glut of meat on world markets.  Ordinarily, the rise in price of a major input like grain should signal the market to reduce livestock production. However, when corn prices hit roughly $8.00/bushel in 2011/2012, there was no discernable reduction in meat production as a...