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China's live pig price fell 21.2% from February to May, to 30.1 RMB/kg, and wholesale pork prices have dropped for 13 straight weeks. Sow inventories have risen for seven months and commercial pig numbers have grown, while record pork imports and state reserve releases add supply.
Expanding Chinese herd and record imports point to lower hog prices and softer demand for feed ingredients, though the outlook improves as supply and demand balance.
thepigsite.comJun 1, 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.
