Share prices of major hog producers have continued to slide this week as hog prices remain low and the central government takes firmer actions to reduce capacity.
New Hope ended the day down 3.9%, its lowest price since 2018. The stock peaked at 42.18 yuan per share in 2020 and is down 86% since then. Since the start of May, shares in major producers have seen steep declines.
Losses in the sector increased last week with the National Development and Reform Commission estimating losses per hog a...