The national average hog price was up slightly over the weekend to 16.75 yuan/kg (US$2,634 per ton). Future rallied into multiweek highs at the end of last week but were weaker this week.
Tang Renshen, a large publicly listed hog breeder, says they expect the consolidation trend in the industry to continue for the next 10 years.
However, the company also noted the challenges posed by the dramatic fall in hog prices and said it is more focused on cost reductions and ‘high-quality’ expansion.
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