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Research and Markets announced a report on China's livestock industry for 2016-2017. It says hog breeding profits rose sharply in 2016 after overcapacity and exits, and that weaker economic growth is reducing demand for high-end beef and mutton while pork and poultry hold up better.
Tighter Chinese hog supply and firm domestic pork prices support import demand for animal protein and feed, though the report is a general industry outlook rather than a new market shock.
globenewswire.comResearch, MarketsApr 13, 2017After 493 past report events, Lean Hogs moved a median +0.1% over 5 sessions (52% higher; middle half -1.8% to +2.0%), and +0.8% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% over 20.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% 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.
