Loading…
China's agriculture ministry says pork supply and demand will become more balanced in the fourth quarter as pig production recovers. The pig population rose for a seventh straight month in August, up 31.3% year on year, and sow inventory increased 37%.
Pork prices have stabilized since August and are expected to fall year on year in Q4.
Rebuilding hog herds and falling expected pork prices reduce the need for imported protein and feed demand growth, which is bearish for feed ingredients tied to Chinese hog production.
chinadaily.com.cn于小明Sep 20, 2020Not 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.
