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Mainstream domestic hog prices turned firmer on November 12, with northern farms reducing supply and raising prices and the slaughter utilization rate rising to 33.04%. The livestock farming ETF's index rose 1.93% intraday, led by several listed breeders.
Firmer hog prices as farms hold back supply can support near-term Chinese feed demand, but the report is a one-day market move that does not change the broader oversupply picture.
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.