Hog prices in China hit new low, but feed prices rise
Live hog prices in China continue to fall in the second half of this month reaching a new low on record despite state-backed efforts of national pork reserve restocking.
The price level slipped more than 3% in the latter half of March to 11.9 yuan/kg ($1,871/ton) compared with the previous half of the month, according to data released by China’s National Bureau of Statistics (NBS) on Thursday.
Hog prices have fallen nearly 30% since the start...