Chart of the day
Despite the effort of Chinese state stockpiler buying back pork from the market for reserve replenishment, hog price in China continued to weaken since the start of 2022. The key indicator of hog-corn ratio remains near record low.
China urges more large-scale hog breeding by 2025
The Chinese central government is urging the hog sector to further adopt large-scale breeding strategy to stabilize pork output at the level before African swine fever.
More credit lending will be m...