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China's National Development and Reform Commission said pork prices are expected to stay relatively stable with no near-term hikes, as hog supplies grow. Authorities have released seven batches of pork from central reserves, including a record monthly volume of about 200,000 tonnes in September, and say they will release more if needed.
Expanding hog supply and government reserve releases reduce the likelihood of stronger hog-herd rebuilding demand for feed, which weighs on feed ingredient demand and hog prices.
chinadaily.com.cnNov 16, 2022After 34 past bearish policy events, Lean Hogs moved a median -0.3% over 5 sessions (41% higher; middle half -1.6% to +1.3%), and -1.8% 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.
