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China's agriculture ministry monitoring shows beef, mutton and raw milk prices all rose week on week in early November. Live cattle prices are up 15.8% year on year to RMB31.09/kg, while corn and soybean meal prices eased.
Firmer Chinese cattle and dairy prices support demand for feed in the livestock sector, while easing corn and soybean meal prices reduce feed costs for producers.
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.