May 18, 2021
China Hog: Prices tumble 41% since January (week ended May 10, 2021)
As pork demand stays weak, slaughterhouses were reluctant to stockpile inventories. Prices of hog dropped substantially with supply exceeding demand. Since January, hog prices have plummeted 41%
Slaughter volumes in major wholesale centres shrank 2.4% to 7,155 tonne.
Hog prices are projected to stabilise gradually as farmers face high production pressure due to rising feed cost. Nonetheless, pork demand is expected to stay soft, hence curtailing the sales of hog.
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