China’s live-hog price fell from 9.22 yuan/kg at the start of the week to 8.69 yuan/kg by the end of Nov. 2–8, a new low for the year.
Heavy marketings, delayed sales, and larger hog weights kept supply ample, while demand improved only slightly; corn prices were broadly unchanged and soybean meal prices declined amid high crushing and stocks and weak feed demand.
The weak hog market and continued losses are limiting feed buyers’ purchasing appetite, while ample soybean-meal stocks and sluggish buying pressure meal prices. Corn is range-bound as cost and state-purchase support offset weak feed demand and a large crop outlook.
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.