China hog companies bet on 2023 with expanding sow herd capacity

Large-size hog producers in China are said to be betting on a price-rebound next year by increasing their sow herd in a move to cement their market shares. Major players in the world’s largest pork producing country are once again building up their herds despite weak margins and low prices that have dictated the market since the second half of 2021. Publicly listed hog breeders including New Hope Liuhe and Muyuan are increasing their sow herd size against the backdrop of an industry-backed conse...