Loading…
China's sow herd stood at 42.77 million head at end-June, up 2% month on month from 41.92 million at end-May, according to agriculture ministry data. The herd remained 6.3% below a year earlier, per Reuters calculations.
A second straight monthly rise in breeding sows signals expanding future hog output, which eases feed demand growth over coming quarters. The herd is still well below last year, so supply tightness is only gradually easing.
reuters.comJul 20, 2022After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
