# Global Ag News for Nov 21.23 - ADM Investor Services

> ADM's daily global ag wrap reports China's sow herd at 42.1 million, hog prices at 15.18 yuan per kg (42% below a year ago), and the government's plan to encourage a more reasonable production level. It also lists overnight and year-to-date grain and oilseed futures moves.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/33169-global-ag-news-for-nov-21-23-adm-investor-services
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Excess Chinese pig capacity and low hog prices weigh on feed demand for corn and soymeal, while the market moves reflect routine price action.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: bearish ▼

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-nov-21-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.