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Analyst Angela Zhang explains that China's pork prices have fallen to historic lows, with live hog prices down 51% from their May 2016 peak. The drop is attributed to large public breeders expanding capacity and restocking pigs after small farms were closed under environmental policy.
Low hog prices and expanding herds signal weaker producer margins and potentially slower hog expansion, which can reduce feed demand over time, though the effect is gradual.
thepigsite.comGlobal Ag MediaJul 3, 2018Not 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.
