Commercial hog average selling prices fell 3.83% week-on-week to 9.03 yuan/kg as of October 30, nearing mid-April lows. Piglet prices fell for eight straight weeks, and farmers are losing money on both self-bred and purchased piglets.
Persistently low hog prices and losses push farmers to cull sows and cut restocking, which lowers future feed demand for corn and meal. Continued weak pork prices weigh on feed-ingredient demand in China.
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.