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Live hog prices in Sichuan, Guangdong and Henan fell further in the week to October 30, with the average pork price at 15.29 yuan/kg. Livestock and aquaculture shares rallied on November 3, and brokers see industry losses driving capacity cuts that could set up the next price upturn.
Capacity cuts and losses point toward tighter Chinese pork supply later, which would support feed demand, though near-term hog prices remain weak.
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.