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Chinese hog farms are losing about US$25 per head, versus profits of $45 a year earlier, and large producers' October sales rose sharply year on year. Hog prices at two major firms are down about 33% from a year earlier, and China's soybean import forecast of 95.8 million tonnes is well below USDA's 112 million.
Weak hog margins and reduced herd rebuilding trim soybean meal demand in the largest importer, which weighs on soybean prices, while coarse grains are less affected since China imports little corn.
producer.comSean PrattNov 20, 2025Not 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.
