On November 3, Chinese livestock shares rallied, with the CSI Livestock Breeding Industry Index up more than 2%. National hog prices fell to 9.13 yuan/kg, a low since late April, and hog farming has been loss-making for about 13 months.
Official data cited shows sow herd reductions of 4.7% in the third quarter.
Low hog prices and persistent losses are curbing herd size and cutting future pork supply, which should eventually support prices and hog-feed demand. For feed buyers, the lag between falling sows and still-high slaughter weights means near-term pork and feed demand stays weak.
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.
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