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WH Group expects Chinese hog prices to rise 10-20% in the second half of 2023 from the first half, to a median of about 16 yuan per kg. The company reported first-half profit down 45%, and Chinese pork output in the second quarter hit a decade-high for the period.
Expected higher hog prices signal improving producer economics, which may support feed demand in China, though the 2023 average remains well below 2022 levels and high output limits gains.
agriculture.comReutersAug 15, 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.
