China’s Ministry of Agriculture and Rural Affairs approved 40 feed and feed-additive products for initial registration, renewal or changes, including adding 3-nitrooxypropan-1-ol to the permitted feed-additive catalogue. The roundup also reported that live-hog prices fell 2.8% week over week in the final week of October, while pork prices declined, and that Ruipu Bio’s overseas revenue grew 61.18% year over year in the first three quarters.
The additive approval expands the set of permitted feed technologies in China, but the report gives no information on likely adoption or ingredient substitution at scale. Falling hog and pork prices suggest subdued livestock-sector returns and could weigh on feed demand.
After 34 past bearish policy events, Lean Hogs moved a median -0.3% over 5 sessions (41% higher; middle half -1.6% to +1.3%), and -1.8% 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.