
China’s lean hog price fell from an October average of 9.65 yuan/kg to 8.57 yuan/kg by November 6, as ample supply met limited demand. Producers are expected to bring forward some planned November marketings, while seasonal curing demand had not yet picked up; prices were forecast to remain weak in early November, with a possible modest recovery later in the month.
Continued marketing and subdued pork demand leave the market oversupplied, putting downward pressure on hog prices. A later seasonal demand improvement could offer limited support.
Not enough comparable past events yet for a historical read.
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