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Some Chinese pig farmers are scaling back expansion plans or putting projects on hold after a market glut pushed hog prices to an eight-year low in April. Two mid-sized companies told Reuters they cut or paused breeding-pig expansion, and a small farmers have begun slaughtering sows.
Reduced herd expansion and sow culling point to lower Chinese hog numbers ahead, which could eventually cut feed demand for corn and soymeal, but near-term oversupply keeps pressure on hog prices.
farmtario.comGreg BergMay 14, 2018Not 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.
