China Live Hog Weekly: Prices substantially below past years' average (week ended May 31, 2017)
Falling another 2.3% over the week, hog prices continued to break new lows. Averaging RMB13.76/kg, hog prices were 8% below past eight years' average of RMB14.87/kg. Pork carcass prices dropped 2.24% to RMB19.23/kg ad slaughterhouses limited purchases in anticipation of poor pork demand during summer.
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