As the holiday season fast approaches, food seems to be on everyone's minds. But does food also whet the investor's appetite?
Pork futures have been on an upward trot ever since Beijing lifted its ban on pork imports from the U.S. The ban was implemented at the beginning of the swine flu outbreak, when the first cases of the H1N1 virus were found in Mexico, the U.S.'s neighbor.
"The emerging markets, the Asian and the Chinese markets, are very important because as they have a higher disposable income, they are buying more meat, especially third-cut meats, the tongues, the trotters and also obviously all kinds of cuts of pork, which is helping increase demand and increase the market value for pork globally," Fergus Howle, pig farmer, said.
Market analysts too have noticed the same trend.
Meals in Asia are becoming more sophisticated as meat and dairy become a greater part in their diet.