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Pork prices in China rose week-on-week for the week of July 24 to 28, with the average price across 16 provinces at 19.52 yuan per kg, up 6.6%. Ministry officials cited large farms raising prices and farmers holding back sales, though prices remained 29.5% lower year on year.
Rising Chinese hog prices improve producer margins and could encourage herd retention, supporting feed demand. The gain remains small relative to last year's levels.
swineweb.comJim EadieAug 7, 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.
