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Genesus reports China slaughter pig prices reached 20.66 yuan/kg as of August 5, 2024, up from a 2024 low of 11.98 yuan/kg in March. Producers are profitable again at an estimated $100-$115 per head, and industry insiders expect prices to keep rising through year-end.
Many smaller farms remain idle while larger, newer facilities run at up to 80% capacity.
A tight Chinese pig supply and rising hog profitability support herd rebuilding and stronger demand for feed grains and meal, supporting prices for corn and soymeal imports.
genesus.comAug 19, 2024Not 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.
