A Galaxy Securities report says the agriculture sector index fell 5.55% in October, with crop farming and fishing falling most while feed fell 1.79%. Hog breeding sow inventory at end-Q3 was 36.02 million head, down 10.7% year on year, and hog farming losses widened in October.
Shrinking sow herds point to tighter hog supply into 2027, but near-term oversupply keeps pork prices weak, which weighs on demand for feed ingredients such as soybean meal and corn.
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.