China's average live hog price was 8.69 yuan/kg on November 8, unchanged from the previous day but down 15.63% year over year. Stronger-than-expected marketings, releases of previously held and secondarily fattened hogs, and weak pork demand have kept supply ample and prices under pressure.
Ample hog availability alongside sluggish slaughter orders and high frozen-pork stocks weighs on live-hog prices and limits near-term feed demand. A later seasonal pickup in southern China could offer some support if producer marketings ease.
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.