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Only 108 Chinese companies with over 10,000 sows hold about 25% of national swine capacity, with 11.79 million sows as of October-November 2021. Muyuan Foods leads with 2.7 million sows, and the top four firms hold 5.9 million combined.
Consolidation into large integrators makes hog cycles more capital-driven and can smooth herd swings, which affects the long-run pace of feed grain and meal demand from China.
eupork.comeuporkDec 10, 2021After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% 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.
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.
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.
