In the fourth week of October, China's Ministry of Agriculture reported the national average hog price at 10.41 yuan per kg, down 2.8% week on week. Corn averaged 2.41 yuan per kg, down 0.4%, and soybean meal 3.41 yuan per kg, down 0.3%, while eggs and beef rose.
Lower hog prices and falling corn and soymeal prices reduce feed costs and point to softer domestic feed demand. Rising egg and beef prices show uneven demand across livestock sectors.
After 161 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (48% higher; middle half -2.2% to +1.5%), and +1.0% over 20.
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.