China's live hog futures tumble on expectations of more supply
By Reuters Staff 2 Min Read BEIJING, Jan 11 (Reuters) - China’s newly launched live hog futures tumbled to reach limit down on their second day of trading on the Dalian Commodity Exchange on expectations that the hog herd size will increase as new farms start up. The front-month September contract closed 8% down at 26,030 yuan/tonne ($4,019.95) on Monday, after falling nearly 13% on its debut on Friday. “The live hog prices are relatively high, and it is the industry consensus to go short on the futures, to hedge, as the market expects pork prices to fall sharply this year,” said Wang X...
Source: reuters.com