March 23, 2021
China Hog: Prices dip 5% in two weeks (week ended Mar 22, 2021)
Pork demand remained soft, prompting slaughterhouses to limit purchases. This, together with increased hog availability, exerted pressure on the market.
Slaughter volumes in major wholesale centres expanded 1.2% to 6,237 tonnes.
Falling for the consecutive second week, hog prices have fallen 5%.
Hog prices are expected to consolidate lower with supplies ample and pork demand slack. Nonetheless, sharp falls in prices are less likely with the overall hog population staying low.
Full version of the report will be available at: https://spoutinfo.com/market-forecast-detail/30/32/277/3059
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