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China's average live pig price fell 1.3% in the latest week, down 46% for the year, and pork prices also declined. The government plans to buy 10,000 tons of frozen pork for state reserves, its third such purchase this year, while soybean meal prices fell during the week.
Falling hog margins and lower pork demand point to weaker meal demand, while the state purchase offers only limited support to prices.
graintrade.com.uaDec 5, 2023Not 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.
