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Hog futures in China have risen more than 20% from last month's low, signaling a reversal of earlier declines. Prices remain far below 2019 and 2020 levels, having fallen nearly two-thirds since January amid oversupply and seasonally weak demand.
A rebound from lows may ease pressure on hog margins, but oversupply persists, so feed demand recovery in China is likely to remain gradual.
wsj.comJacky WongOct 29, 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.
