
China's hog market remains weak ahead of the Dragon Boat Festival, with the average lean hog price at CNY9.47/kg, down 0.84% week on week. Farmers are losing about CNY275 per head and commercial hog inventory is 5.1% higher year on year, while sow numbers continue to decline.
Persistent losses and oversupply reduce hog-sector feed demand and point to continued pressure on feed grain and meal demand until sow herds are cut substantially.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.