Mysteel reported that China’s average live-hog price fell 3.45% week on week to RMB8.95/kg, while beef and cattle markets were firmer and major egg-producing regions saw prices rise. Its outlook anticipated continued pressure on hog prices, a possible pullback in egg prices, and mostly narrow trading ranges for broiler chickens.
Weak hog prices and inventory pressure suggest limited near-term support for hog values and may constrain livestock producers’ feed purchasing. The broiler outlook points to relatively steady demand rather than a major shift in feed use.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.