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Average wholesale pork prices in China fell to 15.77 yuan per kilogram as of early August, and live hog prices dropped more than 9% from the July high. Hog farming has been loss-making for ten consecutive months, and the main 2609 hog futures contract hit a new low since listing.
Falling hog prices and prolonged losses point to weaker hog-sector demand for feed. Producers may cut herd sizes, which would reduce feed demand later.
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.