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China's pork output in the third quarter rose 4.8% from a year earlier to 12.69 million metric tons, the highest for the quarter in at least a decade, according to Reuters calculations based on official data. Farmers raised more pigs for slaughter.
Higher domestic pork supply in the world's largest pork market weighs on hog prices and reduces near-term import demand for feed and meat.
reuters.comOct 18, 2023After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.
