On November 3, Chinese agricultural stocks rose while broader indices fell, led by aquaculture and hog farming. Official data showed sow herd fell to 36.02 million head at end-Q3, down 10.7% year on year, while live hog prices slid to about 9.1 yuan/kg.
Peru's cancellation of its second anchovy season pushed super steam fishmeal in China to 25,000 yuan/t, up over 46% this year.
Lower hog prices and sow culling tighten the medium-term pork outlook, while fishmeal scarcity raises feed costs for pig and aquaculture producers and supports feed-ingredient prices.
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.