
China's wholesale pork prices were on track to hit their lowest level in 18 months as oversupply and weaker-than-expected demand weighed on the sector. Wholesalers and retailers had not yet begun the large-scale stockpiling typically seen ahead of the eight-day Golden Week holiday starting October 1.
Beijing's efforts to push top producers to cut capacity have not yet worked.
Persistent hog oversupply and weak pork prices reduce farmers' incentive to restock and cut herd size, keeping hog-feed demand subdued and pressuring prices for feed inputs such as corn and soymeal in China.
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.