A Chinese brokerage weekly report says hog prices fell again in the week of October 26 to November 1, with breeding losses widening. Spot corn was 2,248 yuan per tonne (up 0.11% week on week), soymeal 3,270 yuan per tonne (down 2.21%), and international fishmeal $3,330 per tonne (down 0.30%).
Falling hog prices and widening losses cut farmers' demand for feed, while the weaker soymeal spot price signals softer domestic meal demand.
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.