
China's sow herd contracted 0.5% in July from June, the first monthly decline in nearly two years, according to state media. Farmers culled unproductive sows after hog prices plunged, though the herd was still up 25% year on year.
Officials expect the culling to tighten pig supply later.
Fewer sows point to lower future hog output and firmer hog prices in the second half of 2022, which would support demand for feed grains and meals.
Setelah 100 peristiwa laporan bullish sebelumnya, HOGS bergerak median -0,2% selama 5 sesi (49% lebih tinggi; separuh tengah -1,9% sampai +2,0%), dan -0,4% 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.