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China's agriculture sector index closed the week of November 9-13 at 2576.99, up 0.50% week on week. Raw milk prices in major producing areas rose 0.32% week on week to 3.11 yuan/kg as of November 6, and live cattle prices climbed 1.13%.
Hog prices edged up but remained under pressure from seasonal supply.
Rising raw milk prices and expected capacity cuts in dairy point to firmer dairy input costs for feed buyers. Weak hog prices, however, reduce demand for feed ingredients in the near term.
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.