March 10, 2021
China Hog: Prices rebound, ending seven week tumble (week ended Mar 8, 2021)
Ending the seven week tumble which dragged prices down by 24%, hog prices rebounded lately while slaughterhouses expanded production. Pork slaughter volumes increased substantially but remained below pre-Chinese New Year levels.
On average, hog prices rebounded 6% to RMB29.84/kg, from RMB28.17/kg.
Hog availability is expected to be limited due to the recent panic release, which included hogs below standard finishing weight. This should lend support to the hog market barring any further panic release due to the African Swine Fever resurgence.
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