
Chinese hog and pork prices fell more than 5% in September 2023 despite the Mid-Autumn and National Day holidays, which usually lift demand. Wholesalers report weak consumption and ample supply.
Bloomberg attributes the slump to a slowing economy and financial uncertainty.
Weak pork demand and falling hog prices reduce producer margins and the incentive to restock herds, which lowers near-term feed demand. Persistent economic weakness could keep Chinese feed and meal buying subdued.
Setelah 17 peristiwa makro bearish sebelumnya, Babi Hidup (Lean Hogs) bergerak median -1,0% selama 5 sesi (35% lebih tinggi; separuh tengah -2,5% sampai +0,8%), dan -1,6% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.