Loading…
China's hog farmers posted a surge in profits last month as pig prices climbed to their highest since late 2022, driven by lower production and cheaper feed. Analysts say a lasting recovery is uncertain because consumer demand for pork remains weak amid the economic slowdown and property crisis.
Higher hog prices and margins can encourage herd rebuilding, which would lift future feed demand for corn and soymeal. Weak pork demand limits how far and how long the price rally can run.
financialpost.comBloomberg NewsJun 4, 2024Not 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.
