In the fourth week of October, nationwide monitoring showed hog prices averaging 10.41 yuan/kg, down 2.8% week on week and 18.4% year on year, with piglet prices also falling. Corn averaged 2.41 yuan/kg (down 0.4%) and soymeal 3.41 yuan/kg (down 0.3%), while beef and mutton prices rose slightly.
Compound feed for fattening pigs averaged 3.36 yuan/kg, down 0.3% week on week.
Lower corn and soymeal prices and softer compound feed costs ease feed costs for buyers in China, while weak hog prices signal reduced near-term feed demand from hog farms.
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.