
China's spot live hog price fell to 12.33 yuan per kilogram, about 2% below the holiday period. Hog futures also declined as persistent oversupply continued.
Ongoing Chinese oversupply weighs on global pork demand for feed and signals weak hog margins that could reduce near-term feed buying.
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.
China's spot hog price and futures fell on persistent oversupply on Oct 14, which weighs on global pork sentiment and the outlook for US export demand.
Chinese hog prices and futures are falling on oversupply, which feeds global bearish sentiment.