Hog futures volumes soar as low prices continue and losses mount
In April, Dalian live hog futures traded a record 10.5 million contracts as prices fell to the lowest since their listing in 2021. Volumes were up 151% compared to March, and up 714% year on year.
Overcapacity remains a major problem in the industry, but initial data for April sales doesn’t show large producers slowing down. The largest publicly traded company by sales, Muyuan, reported its second-highest monthly sales of 7.14 mill...