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China produced a record 57.94 million tonnes of pork in 2023, up 4.6%, while hog prices fell 14% during the year and 31% year on year in the fourth quarter. Gro Intelligence expects meat consumption growth to slow, weighing on meat import volumes and grain and oilseed demand.
Slowing Chinese meat demand and oversupplied hog herds reduce feed grain and oilseed meal demand, pressuring prices.
producer.comSean PrattJan 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.
