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Orient Securities' weekly sector report said listed pig producers increased their October slaughter volumes both month-on-month and year-on-year. Hog prices continued to decline.
Rising slaughter with falling prices signals heavier pork supply, which can lower hog margins and reduce farmers' feed purchases in China.
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.