Hog futures continued to fall sharply on Monday. Prices have declined 10.3% over the past week and have fallen for six consecutive days. The selling has now affected the stock prices of companies in the industry, with Muyuan’s stock falling by 8.6% on Monday, and many other companies seeing prices sell off by over 5%.
Cash prices have remained depressed at 10.26 yuan per ton but have been stable over the past week.
High rates of slaughter continue to add supply to the market and pressure prices....