Retail pork prices in a Chinese city fell 3% week on week, and live pig slaughter prices dropped to 21.2 yuan/kg, about 4 yuan lower than September. Some pig farmers are delaying pig sales to wait for better prices ahead of the year-end peak season.
Farmers holding back pigs reduce near-term slaughter and feed-consumption flows, which is bearish for feed demand. Expected seasonal demand before the Spring Festival may limit further declines.
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.