Chinese hog futures and regional cash prices fell over the prior week. October commercial hog inventories rose year on year, planned November marketings were expected to increase, and slaughter activity remained below the prior-year level; the analysis says ample supply is outweighing a possible seasonal demand improvement.
High availability alongside subdued pork demand is likely to keep pressure on hog prices, with seasonal curing demand offering only a potential partial offset. The bearish hog outlook could also temper feed demand from the sector.
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.