Galaxy Futures: Hog Supply Pressure Improves, Market Stabilizes in the Short Term

In the near term, the feed price trend is relatively strong, which has a significant impact on livestock-raising profits. Large-scale enterprises show some ability to stabilize prices, but overall support is weak. It is expected that there will still be pressure on hog slaughter volumes going forward. For ordinary breeders, overall slaughter volume remains stable, and inventories are still relatively high. A small amount of secondary fattening has entered the market recently, but overall it remains fairly cautious. Because the overall hog inventory level is large and slaughter weights are staying at a high level, it is expected that overall prices will still face some pressure. (Galaxy Futures)