Hog prices continued to fall over the weekend. With prices at 16-year lows, the Chinese government is taking a stricter approach to control capacity, and a recent example of this is a commentary published in state media outlet Xinhua on Monday.
It notes that the market is in a period of oversupply, but this has been exacerbated by weaker demand due to China’s declining population and consumers diversifying their protein consumption.
The commentary says that the central government has held meetin...