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China's most active hog futures closed down 5.69% on November 27 at a record low after farmers accelerated pig sales following months of weak prices. Cash hog prices have fallen since August amid oversupply and weak demand.
Falling Chinese hog prices and herd liquidation signal weaker pork margins and reduced feed demand, which is bearish for corn and soymeal exports to China.
porkbusiness.comReutersNov 27, 2023Not 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.
