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Chinese live pig prices fell to their lowest in nearly four years, dropping more than 20% from early January to around 11 yuan per kg, below average production costs. The decline follows rapid expansion of large farms while government pollution crackdowns shut smaller operations.
Oversupply and sub-cost hog prices reduce Chinese demand for imported pork and feed, pressuring global feed grain and meal prices until demand recovers.
investing.comMar 9, 2018Not enough comparable past events yet for a historical read.
Not 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.
