Hog futures rallied over 4% on Monday and reached the highest level in over one month as the market prices in the stronger capacity reduction measures.
Stock prices of the companies also rallied, with Muyuan up 7.2%, New Hope up 5.9%, and Wens up 3.4%. Smaller producers also saw large gains, with Juxing Agriculture hitting the daily limit, up 10%.
Provinces are expected to publish their own capacity control plans by the end of June. Shanghai published its plan today.
So far, the plans are basica...