Hog prices in China continue to fall with March futures making new lows at 12.36 yuan/kg (US$1.94/kg) and cash prices edged further lower to 12.57 yuan/kg (US$1.98/kg), the lowest level since October.
Losses at hog farming operations worsened with the hog-to-corn ratio falling to levels that trigger the government’s highest alert and induced state stockpiler to step in and buy pork from private companies for the national reserve.
But Economic Daily, a state-run paper which often opines about agr...