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Chinese hog producers are reluctant to cut oversupply despite the agriculture ministry urging destocking after 2023 losses averaging 76 yuan per head. Trade sources say high capital expenditure is keeping producers from cutting output.
Persistent hog oversupply in China keeps soymeal feed demand supported near term, which limits downside for soybean and meal prices.
spglobal.comJan 25, 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.
