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China's pork prices were stable in the fourth quarter, and hog profit margins were expected to stay at normal levels, according to an official. Efforts to cut herd size have helped moderate prices after farmers stepped up slaughter of hogs, beef and dairy cattle.
The growth rate of dairy cow breeding has slowed.
Reduced herd sizes and steadier meat prices lower the pressure to cut feed purchases sharply, which supports feed demand. The effect on grain and feed prices is modest.
reuters.comMei Mei Chu, Joe CashOct 25, 2024After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
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.
