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China's most-active hog futures contract fell 4% to 13,480 yuan per metric ton, its fourth straight daily decline and a record low. The contract is down 37% since the start of the year as accelerated pig slaughter raised meat supply during weak demand.
Heavier slaughter and weak demand signal continued downward pressure on hog prices and reduced hog-sector demand for feed ingredients.
agriculture.comReutersDec 5, 2023Not 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.
