
Spot live hog prices have hovered around 9 yuan/kg, well below an estimated full breeding cost of about 16 yuan/kg. China's breeding sow herd has been cut by 10.9% cumulatively, the deepest reduction since the African swine fever outbreak.
Losses forcing herd reduction could create a future supply gap and pork price recovery, supporting feed demand in the longer term, while current weak prices weigh on near-term feed purchasing.
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.