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China's May consumer price index is forecast to rise to 1.5% year on year, from 1.2% in April, as the decline in food prices narrows. Vegetable, egg and pork prices fell during May on ample supply and weak demand.
Weak Chinese pork and egg prices point to soft domestic demand for meat and feed, a mildly bearish signal for hog prices and feed demand.
chinadaily.com.cn张洁Jun 8, 2017After 17 past bearish macro events, Lean Hogs moved a median -1.0% over 5 sessions (35% higher; middle half -2.5% to +0.8%), and -1.6% over 20.
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.
