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Pork output in China rose in the first nine months of the year as farmers culled herds to reduce hog inventories. The story is a Reuters item republished with a market ticker header.
Higher near-term pork supply with herd culling points to a lagged reduction in hog numbers, a mixed signal for feed demand that is only marginally relevant to grain prices.
After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
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.