China’s average price for live hogs fell 2.6% during the week, from 9.22 yuan/kg at the start to 8.98 yuan/kg by week’s end. Ample supply and weak meat demand allowed slaughterhouses to press purchase prices lower, while the lower hog-to-corn ratio deepened losses for producers.
The combination of plentiful hogs and subdued consumer demand pressures live-hog prices, while producer losses could eventually prompt supply reductions. Corn prices rose modestly during the week, adding feed-cost pressure even as hog prices fell.
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.