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TECON reported that the comprehensive cost of live pig farming in the third quarter was 12.78 yuan/kg, down 0.22 yuan/kg from the first half. The decline came mainly from lower feed, medicine and piglet costs, and corn prices have stabilized.
With corn prices stable, feed costs have limited room to fall further in the fourth quarter, so feed demand and margins are unlikely to change much in the near term.
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.