The key indictor for China’s hog market has continued to fall as of last week as feed companies further hiked prices due to rising raw material costs.
The hog-corn ratio edged 1.31% lower last week to 4.53:1 after having already slid in the previous 13 weeks, according to data from China’s National Development and Reform Commission (NDRC) on Monday.
The ratio has remained below 5:1 since late February this year, triggering a “level one” alert which normally leads to state interventions to suppor...