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filter Chinese hog farms 'panic' as swine virus shrinks herds China produces half the world's pork, but 80 percent of China's hog farms are not
filter Chinese hog farms 'panic' as swine virus shrinks herds China produces half the world's pork, but 80 percent of China's hog farms are not going to restock as a swine fever spreads. Farmers fatten hogs with soybean, so imports of soybeans are expected to fall by 85 million tons by September. Source: Bloomberg, April 22, 2019 How will the virus change the prices of hogs, soybean, and pork? The virus O A. lowers the price of pork and soybean because the demand for pork and soybean decreases and raises the price of hogs because the supply of hogs decreases O B. has no effect on the prices of hogs, pork, and soybean because the markets will find substitutes O C. raises the prices of hogs, pork, and soybean because the supply of hogs, pork, and soybean decreases O D. raises the prices of hogs and pork because the supply of hogs and pork decreases and lowers the price of soybean because the demand for soybean decreases O E. raises the prices of hogs, pork, and soybean because the virus creates a shortage
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