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New Hope Liuhe, China's largest feed producer, plans to expand pig production in Sichuan, Shandong and Jiangsu over the next two years. China's pig prices fell to a two-year low of 27 yuan per kg in June, and the company's first-half profit dropped 20.9% after bird flu hurt feed sales.
Expansion into a market already heading for oversupply adds to pork supply and pressures hog prices. The buildout also raises future feed demand, which supports corn and meal use.
zmp.deAug 29, 2017Not 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.
