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CnAgri reports the national average hog price was 36.04 yuan/kg in November, down 1.14% month on month, while piglet prices rose 22.34%. ASF spread widely in the Northeast in November, prompting farms to sell hogs quickly and pushing northern prices down.
Forced selling and ASF spread pressure near-term hog prices, while rising piglet prices and southern demand suggest herd rebuilding that supports later feed use.
en.cnagri.comDec 10, 2019After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% over 20.
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.
