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Major listed hog producers reported October sales declines in head count and steeper revenue drops, with average selling prices mostly falling below 10 yuan/kg. Analysts said oversupply drove the decline, and producers expect losses to continue for about two more quarters.
Heavy losses may force highly indebted producers to cut herds, which could eventually reduce feed demand. For now, oversupply keeps hog-linked feed demand weak.
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.