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Live hog prices have fallen to about 4 yuan per jin, near the lowest levels in about 20 years, while pork stocks have risen. Analysts say the sow herd fell 10.7% year on year in the third quarter, and that the decline is seen as a signal of an upcoming cycle reversal.
Falling sow numbers point to lower pig output about ten months later, which supports hog prices and future feed demand. The near-term price trend remains weak, so the impact on feed markets is gradual.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.