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China’s two largest listed hog producers sold fewer animals at lower prices in October. Muyuan’s hog revenue fell nearly 30% year on year, while selling prices dropped below RMB10 per kilogram.
Lower hog prices and sales point to weak producer returns and near-term pressure on hog values. The report does not provide enough detail to quantify any resulting change in feed demand.
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.