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Muyuan Foods, China's largest pig farmer, expects hog prices to fall over the next two to three years as output recovers from African swine fever. Chinese pork prices have retreated from a record 41 yuan/kg to about 28 yuan/kg as local output, imports and new entrants increase supply.
Expectations of falling hog prices and rising supply signal that feed demand growth in China will moderate from its recent pace, a mildly bearish outlook for feed grains and meal.
scmp.comYujing LiuMay 28, 2020Not 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.
