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Chinese hog and pork prices fell more than 5% in September 2023 despite the Mid-Autumn and National Day holidays, which usually lift demand. Wholesalers report weak consumption and ample supply.
Bloomberg attributes the slump to a slowing economy and financial uncertainty.
Weak pork demand and falling hog prices reduce producer margins and the incentive to restock herds, which lowers near-term feed demand. Persistent economic weakness could keep Chinese feed and meal buying subdued.
staging-beta.freemalaysiatoday.comBloombergSep 28, 2023After 17 past bearish macro events, Lean Hogs moved a median -1.0% over 5 sessions (35% higher; middle half -2.5% to +0.8%), and -1.6% 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.
