China’s national live-hog price fell to 8.63 yuan per kilogram on November 9, its lowest level in a decade, as fourth-quarter seasonal demand failed to absorb ample supply. High slaughter weights, large frozen-pork inventories and weak consumption kept the market under pressure, while sustained industry losses and falling sow numbers fueled expectations of a future supply recovery.
Excess hog supplies and weak pork demand are bearish for Chinese hog prices and are deepening producer losses. Continued herd reductions could eventually tighten supply, but the article describes a prospective recovery rather than an immediate shift in the market.
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.