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SunSirs reports that Chinese live pig prices fell 13.97% in November, from 26.77 to 23.03 RMB/kg, as farmers sold heavily amid weak terminal meat demand. Domestic corn rose 2.40% in November while soybean meal fell 8.22%.
Weak hog prices and falling soymeal costs can influence farmer breeding and feed purchasing, with heavy farmer selling pointing to near-term pressure on Chinese pork demand.
sunsirs.comDec 5, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
