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IQC Insights reports that China's domestic pig slaughter rose 37.2% year on year in February 2018, while sow and live hog inventories fell to historic lows. Pork imports fell 35% year on year in February, and hog-breeding margins turned sharply negative in March.
Heavy slaughter alongside shrinking breeding herds signals a cyclical downturn in Chinese pork output, with lower import demand reducing global pork and feed-meal demand.
thepigsite.comGlobal Ag MediaMay 9, 2018After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.
