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Swine prices in China are declining after the African swine fever-driven spike, raising doubts about future soybean and corn demand. StoneX notes that pork production fell sharply in 2018-2020 before recovering, and that pork imports had surged.
Analysts still expect high grain use in animal feed.
If hog prices and herd rebuilding weaken, China's feed grain and soymeal demand could fall short of expectations, pressuring soybean and corn prices.
stonex.comStoneX Intelligence BrazilNov 1, 2021Not 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.
