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Chinese slaughter pig prices have risen steadily since March and reached CNY17.82/kg, well above the estimated 15 CNY/kg break-even. Sow numbers rose for the first time in ten months in May, and officials expect prices to keep rising in the second half.
Improving hog margins should lift Chinese herd rebuilding and feed demand later in 2022, supporting soymeal and corn import needs.
english.fleischwirtschaft.deEditor fleischwirtschaft.comJun 30, 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.
