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On November 11, the national average hog price rose 0.01 yuan to 8.53 yuan/kg, and the main hog futures contract closed up 2.42%. Key farms' daily slaughter rose 0.65% and soymeal was quoted at 3,181 yuan/t, while farm losses persisted.
A small firming in hog prices and futures eases pressure on producers, while soymeal at current levels keeps feed costs elevated for livestock buyers.
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.