Chinese agriculture ministry monitoring showed the national live hog price fell 0.5% week on week to 11.07 yuan per kilogram. Rural-market pork prices declined 0.4% to 20.98 yuan per kilogram, while the average wholesale pork price dropped 1.8% week on week and 15.5% year on year to 15.92 yuan per kilogram.
Falling hog and pork prices point to weaker returns for producers and may pressure feed demand if producers reduce herd or production plans. The declines are bearish for hog prices.
After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.