Spot hog prices fell to 8.63 yuan per kg on November 9, a near ten-year low, while listed hog producers reported large losses in the first three quarters. The article argues that higher productivity keeps output rising despite a sharp drop in sow numbers, and that the usual hog cycle is weakening as large producers avoid cutting capacity.
Persistent hog oversupply keeps prices under pressure and weakens demand for feed ingredients in the near term. Slower herd reduction could delay any recovery in feed demand.
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.