Zhongtai Futures said sample data showed large-scale hog producers planned higher slaughter volumes in November, while slaughterhouse activity increased only slightly. It described supply as outpacing demand, with live-animal inventories accumulating and heavier slaughter weights adding pressure to spot prices.
More hogs coming to market than weak demand can absorb weighs on hog prices and producer margins. Continued pressure on the livestock sector may also restrain feed demand.
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.