June 16, 2021
China Hog: Prices tumble to two year lows (week ended Jun 14, 2021)
Hog prices plummeted while supplies increased prominently amid high pork imports and sluggish demand. Weekly hog pork availability surged 38% compared with 2020 levels, and were above 2017-2018 volumes.
Tumbling 50% compared with a year ago, hog prices have fallen to two year lows.
With supplies recovering to pre-African Swine Fever epidemic levels and demand for pork remaining weak, hog market is set to stay weak in the near term. Farmers who are suffering losses will be reluctant to build inventories.
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