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China's live hog futures on the Dalian exchange fell nearly 5% on May 19 to their lowest level since launch in January. Weak spot prices from heavy pigs going to slaughter and expectations of higher production drove the decline.
Expected herd recovery and weak spot prices point to lower Chinese hog prices, which reduces feed demand sentiment for pig producers.
porkbusiness.comReutersMay 19, 2021Not 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.
