Loading…
The live hog spot price in China was reported at 8.66 yuan/kg on November 9, down 0.01 yuan/kg from the previous day. The article reports a weekly decline of 0.44 yuan/kg and a monthly decline of 1.61 yuan/kg.
The continuing price declines signal near-term weakness in the Chinese hog market, but the report gives no new supply or demand cause to indicate a lasting shift.
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.