# SunSirs: Strong Supply and Weak Demand, Pig Prices Fell sharply in China in November

> 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%.

- Date: 2022-12-05 · published 2022-12-05T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/38238-sunsirs-strong-supply-and-weak-demand-pig-prices-fell-sharply-in-china-in
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- CORN: bullish ▲
- HOGS: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-9853.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.