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South Korea's pig wholesale price rose 2.2% to KRW5,644/kg. Chilled pork imports jumped about 66% month on month in October, pushing more product into frozen storage as retailers ran heavy discounts.
Rising imported pork stocks and retailer discounting cap domestic hog prices in Korea. This weighs on local pork demand and limits the feed demand that follows from hog production.
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.