China's national average hog price was 8.66 yuan/kg on November 11, down 27.71% year on year, with prices weak in the south and firmer in parts of the north. Live hog futures and pork equities have risen, while sow culling and a planned 2.56% increase in slaughter plans add supply pressure.
Low Chinese hog prices and shrinking herds signal weaker feed demand for corn and meal in the near term, though expected seasonal demand and a possible turn in Q4 could gradually lift hog prices and support feed demand later.
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.