China's Ministry of Agriculture monitoring of 500 county-level markets showed chicken, beef cattle, sheep meat and corn prices rising month-on-month in the fifth week of September, while pig products, eggs and broiler chicks fell. Nationwide live pig prices averaged 13.27 yuan/kg, down 1.8% week-on-week and 27.8% year-on-year.
Falling hog prices reduce producer margins and may cut future feed demand for hogs, while firmer corn prices raise feed costs for China's remaining producers.
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.