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China's live pig price fell 20.5% year on year to RMB10.11 per kg as farms sold heavier animals they had held back. Piglet prices were down 29.2% from a year earlier, and some trackers showed hogs below RMB9 per kg.
Low hog prices and heavy slaughter weights signal weaker feed demand from Chinese producers, which is bearish for feed grains and meals.
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.