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Chinese pig farming has turned loss-making as live hog prices fell to 14.1 yuan per kg in late June, the lowest in over two years, while corn feed costs hit a record 3.01 yuan per kg. The share of monitored farmers losing money rose to 62% in June from 9.7% in May, prompting an emergency state pork buying program.
Heavy hog losses could slow herd rebuilding and cut future feed demand, while higher feed costs squeeze the sector. Government pork buying may give some support to hog prices.
caixinglobal.comLiao ZhaolongJul 22, 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.
