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SunSirs reports that China's live pig prices kept falling weakly after the National Day holiday, with an average of 16.13 yuan per kg on October 6 and 15.57 yuan per kg on October 13, a drop of 3.47%. Supply pressure outpaced weak demand, and breeders remain in a small loss.
Persistent oversupply and weak meat demand keep hog prices under pressure, which reduces feed demand from Chinese producers.
sunsirs.comOct 16, 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.
