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Chinese pig prices have trended lower since August 2023 on plentiful supply and weak demand, with brief rebounds reversed by disease-driven pig releases. Most producers are reported to be losing money, and listed pork stocks have fallen sharply since May 2023.
Weak hog prices and producer losses point to reduced hog feed buying over time, which weighs on soymeal and corn demand from China.
efeedlink.comefeedlinkMar 20, 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.
