The NDRC reported declining losses for hog farmers for the second week in a row, but losses were still estimated at 405 yuan per hog. This is an improvement from losses of 511 yuan per hog in mid-April.
Hog sales have remained strong in April, according to the first published disclosures by large companies.
Muyuan reported sales of 7.1 million hogs, the second-highest monthly sales on record for the company. This is up 5.8% compared to March, and up 8.7% year on year.
The company’s selling pric...