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S&P Global Ratings reports that the largest Chinese pork producers nearly tripled gross debt over about 2.5 years while expanding during the 2019 price spike. Pork prices have since fallen sharply, with consumer prices for meat down 44.9% in August from a year earlier, leaving indebted producers under pressure.
Financial stress and falling pork prices in China are likely to prompt herd cuts and slower feed purchases, reducing demand for feed grains and meal over time.
cnbc.comEvelyn ChengSep 13, 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.
