China’s pork prices drop for the first time in more than a year

first_imgBruce Pang, head of macro and strategy research at China Renaissance, said Tuesday that the decline in prices was due to an increase in the supply of live pigs, and that he expects further year-on-year declines in pork prices in the current quarter.Overall inflation in China as measured by the consumer price index is likely to decline, Pang said.The consumer price index rose 0.5% in October from a year ago, the statistics bureau said. Overall food prices climbed 2.2%, with fresh vegetable prices rising 16.7%. Beef and lamb prices also rose, up 7% and 3.6%, respectively. Breeders feed piglets at a pig farm on May 12, 2020 in Bijie, Guizhou Province of China.Deng Gang | Visual China Group | Getty Images Looking ahead, China’s pork supply is set to recover further from the recent shortage.Zhao Guangyu, agriculture goods analyst at Nanhua Futures, said the stock of reproductive sows has entered a period of “accelerated recovery,” according to CNBC’s translation of a Chinese-language statement.Zhao expects imports of pork and central government auctions of meat from its frozen reserves to continue their increase through the end of this year, adding to supply while consumption demand remains steady.For the first three quarters of the year, China’s imports of pork more than doubled from a year ago, the national customs agency said last month.However, that growth is set to fade.In China’s plans for the next five years, the central Chinese government has specifically stated that ensuring national food security will be a priority. That would reduce China’s reliance on agriculture imports from countries such as the U.S. and Australia, with whom Beijing’s relations have become tense“After a torrid pace in 2020, China pork imports are forecast down 6 percent (in 2021) due to the rebound in domestic production,” the U.S. Department of Agriculture Foreign Agricultural Service said in a quarterly report dated Oct. 9. The agency predicts a 9% increase in Chinese pork production, but notes it will still be nearly 25% lower than prior to the disease outbreak.Imports will account for only about 11% of Chinese pork consumption this year, according to data from the USDA Foreign Agricultural Service.The report said U.S. pork exports next year will likely remain about the same, at 3.3 million tons as growth in Mexico, Japan and other markets offset weaker demand from China. – Advertisement – BEIJING — Prices of pork in China fell for the first time in more than a year, after months of surging prices for the country’s most popular meat.Pork prices fell 2.8% in October from a year ago, China’s National Bureau of Statistics said Tuesday. The drop was the first since February 2019, or more than a year-and-a-half ago.Prices doubled last fall and continued their rapid rise into this spring as African swine fever killed swaths of pig herds in China. The pace of increase began to slow in the last few months.- Advertisement – – Advertisement – – Advertisement –last_img read more

2019 Fantasy Football All-Bust Team

first_imgAt the conclusion of every fantasy football draft, each owner sits there and quietly (or not so quietly) hopes that none of his or her players are the dreaded b-word: Busts. Inevitably, though, some of the top draft picks will get hurt or simply disappoint. In the spirit of torturing ourselves and fellow fantasy owners with predictions gone wrong, we present to you our fantasy football 2019 All-Bust Team.There were some key factors that had to be considered when we put together this roster. How would we account for injures? That’s the biggest thing that could sway the names on this list one way or another, but in general, we’ve placed players here whose performances warranted it just as much as any potential injuries. Any player with a much higher ADP than overall performance was eligible for the list, and to make sure we fit all the special cases, we stretched the roster limits a little bit (although in reality, we’ve just given the roster a FLEX spot in the form of an extra running back). This was easy. The Jags were being drafted as the third D/ST off the board, as if their 2017 season would magically come back after an off year. The real truth was that the Jaguars weren’t that good, and this season proved that. Hopefully you moved on quickly and streamed.Kicker: Stephen Gostkowski, PatriotsCalling any kicker a bust is kind of silly, but Gostkowski is the closest fit (along with Adam Vinatieri, but he went undrafted in enough leagues to not be considered). Gostkowski was the fourth kicker taken in drafts, often going a bit before the final round (which is too early for kickers).The veteran missed four extra points and a field goal in the season’s first four weeks before being ruled out for the season with an injury. Hopefully you picked up someone solid. It’s just a lesson that you should never reach on a kicker, even the most predictable and talented ones like Justin Tucker and Greg Zuerlein. Below, you’ll also see us revisit the players we made preseason selections to our boom-or-bust team. That list wasn’t so much intended to single out guys who would be total busts, but rather players we thought may struggle to live up to their draft hype. As you’ll see, we hit some and missed on others.Without further ado, we present to you the biggest fantasy football busts of the 2019 NFL season.RELATED: 2019 All-Value TeamBiggest 2019 Fantasy Football BustsNote: All average draft positions (ADP) referenced below are via FantasyPros.QB: Baker Mayfield, BrownsYou weren’t going to find a bigger supporter of Mayfield this preseason. I predicted that he’d be the NFL MVP. I bought into all the hype — the strong finish to his rookie season, the addition of Odell Beckham Jr., a new offensive coordinator who figures to call more passes, etc. It wasn’t just me, though. Mayfield was the fourth QB off draft boards, on average, behind Patrick Mahomes, Deshaun Watson and Aaron Rodgers. There were some fantasy analysts cautioning to stay away at that price, but by and large, fantasy owners believed in Mayfield.Then came the struggles. Mayfield wasn’t identifying defenses and wasn’t hitting receivers. He didn’t throw more touchdowns than interceptions in an individual game until Week 9. Beckham wasn’t the help he should’ve been. The Browns rode Nick Chubb and the running game. The list goes on.After being drafted fourth among QBs, Mayfield finished the 16-week fantasy season as the No. 20 scoring quarterback.  Preseason Boom-or-Bust QB: Cam Newton, PanthersNewton’s early-season struggles may have been injury-related, but that was always part of the consideration with him. He was the 10th QB off the board on average, so playing two subpar games before missing the rest of the season isn’t what fantasy owners hoped for.RB: David Johnson, CardinalsJohnson was the seventh RB taken in drafts and the ninth overall player to come off the board. So, the fact that he was playing but had become droppable by the start of the fantasy playoffs is not a good sign.Things started just fine, with Johnson rushing for 82 yards while catching six passes, including a touchdown, in Week 1. It was a bumpy road in the next few weeks, but some of that could be chalked up to a new offense and a rookie quarterback. Johnson figured to right the ship.Then came Week 7. Johnson was questionable during the week, but once he was activated for the game, everyone figured he’d get a pretty regular workload. Instead, he played the first two snaps, carried the ball once, and was never heard from again as Chase Edmonds had a monster game. Johnson hasn’t touched the ball more than six times in a game since, as he missed time and Kenyan Drake took over the backfield.There’s really no lesson to be learned here. This was just unfortunate luck of an offense not living up to its potential ahead of an injury-laden season. Johnson will enter his age-28 season as a total wild card.RB: Saquon Barkley, GiantsBarkley was the consensus No. 1 pick in fantasy drafts. And, really, why not? He averaged 5.0 yards per carry in a standout rookie season while catching 91 passes, too. His talent had already been realized in his first year on NFL fields. It seems obvious that nothing would stand in the way of a repeat campaign.So, when Saquon ran for more than 100 yards in each of the season’s first two weeks, it was business as usual. The only problem? Barkley didn’t topped 100 rushing yards in a game between then and Week 14. He might’ve been a reason you missed out on the fantasy playoffs. The only way you benefited from his massive Weeks 15 and 16 is if you managed well enough elsewhere to get to the postseason.To be fair, the sprained ankle Barkley dealt with in the middle of the season sapped something from him. Since his return through Week 14, he’d averaged 3.2 yards per rush, compared to 6.4 yards per carry before the injury. But he was back to 6.5 yards per carry in Weeks 15 and 16, and if your team managed to make the fantasy championship game with Barkley on your roster, he helped put you over the top. It’s not like it’s been a totally useless season for Barkley like how it’s been for Johnson. Barkley still ranks in the top-20 among RBs in fantasy points per game. But if you could do it over again, knowing what we know now, he wouldn’t be the top overall pick, and that’s enough to make the obvious 1.1 a bust.RB: Alvin Kamara, SaintsIf you’re in a PPR league, you might not have noticed Kamara’s disappointing season quite as much. He ranks 18th in fantasy points per game in standard scoring but 11th in PPR. But even that 11th in PPR is lower than you would’ve hoped for based on ADP. Kamara was the third player off the board in drafts behind Barkley and Christian McCaffrey (and if you drafted closer to the season, perhaps behind Ezekiel Elliott). But surely some leagues saw Kamara taken ahead of McCaffrey, and that’s where it really hurts.Kamara has dealt with injury himself — he didn’t play in Weeks 7 or 8, and New Orleans hasn’t given him the ball on the ground as frequently since he returned. But the real lost nature of Kamara’s season comes in finding the end zone. After scoring 18 total touchdowns a year ago (14 on the ground, four through the air), Kamara had two total scores this season through Week 14 (one of each), and then he added two more TDs in Week 16.Touchdowns can be fluky at times, sure. Heading into next season, this season’s touchdown numbers probably won’t matter a ton in creating a valuation for Kamara. But in this season, when you’ve plugged Kamara loyally into your lineup each week, the lack of scoring matters, a lot. And that’s why he’s a bust.Preseason Boom-or-Bust RBs: Derrick Henry, Titans | Damien Williams, ChiefsHenry was a miss. Turns out his torrid end to 2018 was foreshadowing things to come. Henry was one of the most consistent backs in the NFL this year after being one of the most inconsistent in his prior three seasons. Williams has been an interesting case all year because in the games he was healthy and trusted by Andy Reid, he was good. Those were just few and far between, and injury issues have marred the second half of his season.WR: Odell Beckham Jr., BrownsIf you put Baker Mayfield and Beckham in a room and asked them whose fault it was that they were 2019 fantasy busts, there might be a lot of finger pointing. From afar, it feels very much like a chicken or the egg question. But regardless of the reasons, we know OBJ hasn’t lived up to his status as the No. 6 WR taken in drafts.Through 14 weeks, Beckham has topped 100 yards twice and scored two touchdowns. A season ago, in 12 games played, Beckham topped 100 yards five times and caught six scores. The worst part for fantasy owners have been the totally useless weeks, like the three games with receiving yards in the 20s along with five more contests of 60 yards or less. It’s not like he suddenly became not talented (though he has reportedly been dealing with a sports hernia all season). The flashes have been there, like the 89-yard touchdown against the Jets in Week 2 or a number of acrobatic catches that still grace the highlight reels. There just hasn’t been much else; none of the consistent, chain-moving, reception-building catches that made him such a sure-thing fantasy option. In standard leagues, Beckham finished Week 16 outside the top 30 in fantasy points among WRs, and he hasn’t been hurt, either, meaning you’ve probably started him in every week only to be disappointed yet again.WR: JuJu Smith-Schuster, SteelersOh, it felt so, so easy. Smith-Schuster was a star a year ago with Antonio Brown in town, so with Brown gone, surely he’d step into an even bigger target share and take the league by storm. Surely, the fantasy owners that took him seventh among WRs figured that was the case. But things get off to a good start. The early-season injury to Ben Roethlisberger was just the start. JuJu has only topped 100 yards once. He’s had fewer than 25 receiving yards in a game five times through Week 16, including a one-catch, seven-yard performance that somehow came in a Pittsburgh win. He’s been forced to catch passes from Mason Rudolph and Devlin ‘Duck’ Hodges.At least in the aftermath of the concussion and knee injury he suffered on the same play in Week 11, fantasy owners knew they could keep him out of their lineup instead of continuing to tell themselves, “You know, he’s due.” The spot on fantasy benches that Smith-Schuster’s injury brought him was long deserved, cementing his status as a 2019 bust.WR: Antonio Brown, Patriots/inactiveWe all had an idea of what we were getting into with this guy — but we didn’t know it could go this bad. If you’re like me and drafted him in the second round the night before the season, there was the obvious potential of it blowing up in your face, and blow up it certainly did.It’s really not worth digging much deeper here. At least by getting his Patriots release, Brown could be set free by fantasy owners and not worried about again, unlike the two names above him here. He’ll certainly have bust potential if he latches on with a team before next season, but he’ll still be one of the league’s most talented wideouts — and a headache for fantasy owners, to be sure.Preseason Boom-or-Bust WRs: Adam Thielen, Vikings | Sammy Watkins, Chiefs | Courtland Sutton, BroncosThielen was fine when he was healthy, but he’s dealt with a hamstring injury that’s cost him a good chunk of games, including two contests where he exited in the first quarter. And Watkins, aside from a massive Week 1, has been downright bad. Sutton’s been our biggest miss. It turns out he was simply too talented to be held down by a lame Denver quarterback situation, and he was helped by a midseason trade of Emmanuel Sanders.TE: O.J. Howard, BuccaneersHoward was drafted fourth among tight ends, and it made sense. His talent had already been realized at the NFL level. He was a rising star. The only thing that apparently none of us could account for enough was Bruce Arians’ offense.Sure, Arians never really involved the tight end, but this was a stud like Howard — he surely wouldn’t hold him back, would he? Week 2, when Howard was on the field for 55 plays but not targeted on a single one, answered that question. He’s only caught one touchdown through Week 16, only has one game of five catches, and has topped 50 yards just three times. His future is still bright, but most owners who drafted him moved on before the fantasy playoffs — the sure-fire mark of a fantasy bust.Preseason Boom-or-Bust TE: Vance McDonald, SteelersMcDonald was going off the board as the eighth TE in the preaseason. We actually listed him as a sleeper before we saw him going that high. He enters Week 17 as the No. 35 TE based on fantasy points, with a single-game high of 40 receiving yards. Yuck.D/ST: Chicago BearsThe Bears’ defense came back to earth, and maybe even more than we expected. They were still our No. 1 fantasy defense, so we were wrong, too. There’s just too much variation among the position — and too much success to be had by streaming defenses — to ever reach for a defense in the 10th or 11th round (and in the FantasyPros data, the Bears were the 84th overall off the board).Preseason Boom-or-Bust D/ST: Jacksonville Jaguarslast_img read more