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China's sow herd contracted 0.5% in July from June, the first monthly decline in nearly two years, according to state media. Farmers culled unproductive sows after hog prices plunged, though the herd was still up 25% year on year.
Officials expect the culling to tighten pig supply later.
Fewer sows point to lower future hog output and firmer hog prices in the second half of 2022, which would support demand for feed grains and meals.
porkbusiness.comReutersAug 17, 2021After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
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.
