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Chinese hog prices have risen for three consecutive days, led by fattening hogs, as colder weather lifts pork demand and some farmers slow their sales. Losses have persisted for 14 months, and slaughter weights remain high.
Analysts warn the rally is a recovery from a long slump rather than a fundamental turnaround.
Firmer Chinese hog prices may slightly support feed demand near term, but heavy supply and high weights limit the upside for soymeal and corn feed demand.
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.