A Huayuan Securities weekly report says hog supply pressure is rising, with average slaughter weights up to 129.87 kg and 7 kg piglet prices falling below 100 yuan per head to a multi-year low. Sow inventories fell 10.7% year on year at end-Q3, while broiler prices are down year on year amid high capacity and weak demand.
Heavier, more numerous hog slaughter and falling piglet prices point to weaker demand for feed in the hog sector, with producers running heavy losses that may limit any rebound in feed purchasing.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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