Hog farming still profitable after prices retreat
China’s largest hog breeder, Muyuan, announced that it currently has 10 slaughterhouses in operation with a capacity of 29 million head per year.
The company currently estimated its cost of production at 15.5 yuan per KG. Cash prices are down 18.6% since late October, but as of Wednesday, the national average price of hogs is 23.22 yuan per KG, so the company is still generating relatively good profits.
The industry more generally has sligh...