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Muyuan Foods sold 5.91 million finished hogs in October, down 16.43% year on year. Average prices fell 16.54% to 9.64 yuan per kg and revenue dropped 29.79%.
The figures are unaudited.
Lower hog prices and sales volumes signal weaker pork supply and reduced feed purchasing by a major Chinese producer, a bearish signal for feed ingredients.
After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.