Zhongtai Futures said China’s spot hog price had fallen below 9 yuan per kilogram, while average slaughter weights and November output plans at large producers were rising. It cited weak consumption, accumulating supply, and increased selling by smaller producers amid worsening disease concerns in some areas as factors weighing on the market.
Rising output and heavier slaughter weights alongside weak demand increase the risk of excess near-term hog supply, putting downward pressure on prices. Disease-related selling may add to the immediate volume reaching the market.
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.