China’s hog-to-grain and hog-to-feed ratios fell 2.54% and 2.11% week on week, respectively, while the reported pig-feed price declined 1.11%. Soybean prices fell 0.60% over the week, whereas wheat prices rose 0.12%.
The weaker hog-to-grain ratio points to tighter hog-farming margins, although lower feed prices offer some cost relief. The reported soybean decline is mildly bearish for soybean prices, but the figures indicate only small market moves.
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.