The national average price for outer-three-元 hogs was 9.22 yuan/kg on November 2, up 0.03 yuan from the prior day but down 1.11 yuan from a month earlier. Prices were mixed by region, with southern areas firming on early curing demand while northern regions remained weak.
Ample hog supply and sluggish pork demand keep farm margins thin, so feed buying from hog producers is likely to stay cautious until the seasonal curing demand strengthens in late November or December.
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.