Guangdong province announced that the hog:corn price ratio in the province had now reached the First-Level warning range for excessive decline. The hog:corn price ratio is monitored by the government as a measure of excessive rises or declines in hog prices, and the financial state of hog operations.
In Guandong, this has reached 4.67:1, which triggered the highest level of local government response.
Henan also reported that the ratio in the province had reached 4.41:1, which also triggered the ...