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German pig producer prices rose another 5 euro cents to 1.96 EUR per kg, well above a year earlier, while UK spot bacon prices held steady at 160-164p. Chinese demand has fallen due to the coronavirus, and UK demand for red meat is also weakening, while UK feed wheat and barley prices were steady.
Firm European pig prices support hog margins, but weaker Chinese and UK demand limits upside, leaving feed grain prices little changed in the near term.
pig-world.co.ukPeter CrichtonFeb 22, 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.
