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A CnAgri report says average Chinese hog prices reached 36.46 yuan per kg in October, up 31.52% month-on-month and 161.78% year-on-year. Compound feed for fattening pigs was 3.07 yuan per kg, up 0.77% month-on-month.
Farmers are delaying sales, and analysts expect pig prices to keep rising in November.
High hog prices and strong farm margins encourage herd rebuilding and compound feed demand, supporting feed ingredient prices.
en.cnagri.comNov 6, 2019en.cnagri.comNov 6, 2019Not 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.
