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Chinese pork prices have fallen about 70% this year as surging output and COVID-linked demand disruptions hit the market. New pig producers that built large breeding farms are reporting heavy losses over the past three months.
Weak restaurant and consumer demand is cited as an additional drag.
Lower hog prices and producer losses could lead to herd liquidation and reduced feed demand, weighing on corn and meal consumption in China.
reuters.comDominique PattonNov 2, 2021Not 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.
