
China's pork wholesale prices have fallen about 18% so far in 2025 to their lowest level in more than three years. Bloomberg Economics attributes the weakness to fragile consumer sentiment, a property slump and a weak jobs market, and Mysteel expects prices to keep falling.
Government efforts to cut sow herds have not yet reduced the oversupply of hogs.
Weak Chinese pork prices and an oversupply of hogs point to softer domestic hog demand and reduced appetite for feed inputs. The effect on global feed prices is limited, but it supports a bearish outlook for hog markets.
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.