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China's live hog futures on the Dalian exchange rose more than 7% to a one-month high on falling sow inventories and government stockpiling. Spot prices in several northern and central provinces had risen or held steady since late September.
Lower sow numbers and state buying suggest hog margins may be stabilizing, which could support feed demand for soymeal and corn after a prolonged slump.
porkbusiness.comReutersOct 11, 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.
