Loading…
China's average hog price fell to 33.87 yuan/kg in April, down 5.73% month on month, while compound feed for fattening pigs rose 0.29% month on month to 3.14 yuan/kg. The Ministry of Agriculture set a 60-day crackdown on illegal pig transport running April 1 to June 1, and analysts expect hog prices to keep falling in May.
Falling hog prices and weaker pig-farm margins may slow herd rebuilding over time, moderating feed demand growth in China and easing pressure on feed ingredient prices.
en.cnagri.comMay 9, 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.
