Hog futures were down sharply, with the March contract hitting 10,345 yuan per ton, down over 3.5%. The May contract was also down sharply into new contract lows on high volume and increasing open interest.
Further out the curve, the September contract only fell 0.5%.
Cash prices were relatively stable with light trade over the holiday but also fell about 3% on Tuesday.
Hog breeder Wens Group announced its preliminary 2025 results with revenue of 103.9 billion yuan, down 1.7% year on year, and a...