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Some Chinese pig farmers are scaling back or delaying breeding expansion after hog prices hit an eight-year low in mid-March. Small farmers have begun slaughtering sows, and analysts say production has outrun stagnant domestic demand while global pork supply is already at record levels.
Slower expansion and sow slaughter may eventually tighten China's pork supply, but near term the glut weakens import demand for US pork and keeps pressure on hog prices and feed purchases.
esmmagazine.comSteve Wynne-JonesApr 18, 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.
