Hog prices drop further amid herd dumping
Hog prices continue to decline. The national average live hog price is at 16.44 yuan/kg (US$2,581 per ton), down 11.8% from the previous peak at the end of November.
Hog futures also trended further lower after nearly hitting 16 yuan/kg (US$2,512 per ton) at the end of October this year. The most-active March contract is currently at 14.13 yuan/kg (US$2,218 per ton).
“Large-scale farms increased slaughter volume, and some farmers price-holding mentality ...