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Juxing’s October finisher revenue was RMB392 million, its lowest monthly figure of the year, as its hog sales fell 39%. New Hope sold more pigs than in September, but its average selling price fell 15% year over year to RMB9.54/kg.
Lower hog sales and prices point to continued weakness in China’s hog market, pressuring producer revenues. Persistently low prices may weigh on incentives to expand production.
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.