Summary
Prices remained under pressure in June but rallied into the end of the month following new and stricter capacity reduction rules from the central government. Beijing has taken a much harder line towards both companies and provinces to reduce overcapacity in the industry.
Policy
In May, the Ministry of Agriculture cut the target breeding sow population from 39 million to 37.5 million. In June, the central government had meetings with nine provinces and major hog producers which took a str...