Global corn and soybean harvests are abundant, pushing farm commodity prices lower, with US soybean futures near 1000 cents per bushel, a five-year low. The article expects feed costs to fall and meat supply-demand conditions to improve, with China's hog herd and sow numbers declining.
Lower corn and soymeal prices reduce feed cost pressure for buyers, while tighter hog supply supports meat prices and could lift demand for feed in the coming months.
Not 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.
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.