Live hog prices in China have fallen from 11.23 yuan per kg in July to 8.98 yuan per kg, near a 20-year low. Breeding sow inventory fell 10.7% year on year in the third quarter, and pork stocks have risen against the trend.
Falling hog prices and shrinking sow herds signal a cycle turn that will cut future hog slaughter and feed demand, which is bearish for corn and meal over time. The effect on near-term feed purchases is limited.
Not enough comparable past events yet for a historical read.
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.