Loading…
China's wholesale pork price averaged 48 yuan ($6.86) per kg on Friday, citing ministry data. The price has eased slightly since the start of November but remains 157% above a year earlier.
The government is urging regions to speed up pig breeding ahead of the Lunar New Year.
Government pressure to rebuild herds ahead of the Lunar New Year supports future feed demand, though the slight price easing suggests some near-term supply response.
reuters.comNov 18, 2019After 26 past neutral policy events, Lean Hogs moved a median -0.9% over 5 sessions (38% higher; middle half -2.6% to +1.7%), and +0.2% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.
