
China’s national hog-to-grain price ratio was 4.07 in the second week of November, below the 6:1 break-even level, leaving the sector in an overall loss position. Hog prices eased while corn remained firm, and the report said limited consumer demand makes a major seasonal price rise unlikely.
Weak hog economics could eventually prompt production cuts, but firm corn costs and soft pork demand continue to pressure producers and limit near-term hog-price gains.
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.