China's National Development and Reform Commission reported that estimated pig-fattening losses widened to 353.76 yuan per head, while broiler losses narrowed to 0.70 yuan per bird. Layer farms were estimated to earn 13.15 yuan per bird as egg prices rose; hog and broiler supply conditions remained relatively ample, with demand subdued for pork.
Weak pork demand and ample hog supply weigh on hog prices and producer margins, while limited chicken availability offers some support to chicken prices. Better egg prices and reduced supply pressure improve layer-sector returns.
After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.