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Analysts say falling Chinese pork prices from a faster hog herd recovery may curb demand for pig meal made largely from US and other imported soybeans. Chinese hog prices have declined for more than 20 weeks and are down about 50% year on year.
Weaker Chinese hog margins and reduced pig feed demand point to lower import demand for soybeans and soymeal, a bearish factor for those markets.
globaltimes.cnGlobal TimesJun 17, 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.
