On November 13 China's national spot hog price was 8,680 yuan per tonne, a 1,285 yuan discount to the main futures contract at 9,965 yuan. Self-breeding farms were losing about 447 yuan per head and farms buying piglets were losing about 295 yuan per head, while breeding sow inventories are declining but piglet supply remains high and consumption is weak.
Heavy hog supply and weak pork demand keep Chinese hog prices under pressure, which reduces feed demand from the largest pig sector and weakens the outlook for meal and grain purchases in China.
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.