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Live hog prices in China rose 91.6% from March to July 15 after a record low in October 2021, with prices at 22.42 yuan/kg on July 25. Pork wholesale prices rose 36.2% year on year on July 21, driven by reopened schools, factories and restaurants and lower imports.
Sharply higher hog prices improve producer margins and can encourage herd rebuilding, which supports future feed demand. The recovery is largely seasonal and demand-driven, so price gains may be limited.
thechinaproject.comBarry van WykJul 26, 2022Not 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.
