China Live Hog Weekly: Prices consolidate lower as slaughterhouses stay prudent (week ended Aug 24, 2016)
Supplies of finishing hog were stable, lifting pork carcass volumes slightly by 0.11% to 7,942 tonnes. However, as pork demand remained slow, slaughterhouses suppressed prices while limiting purchases. Pork carcass prices slid 0.25% to RMB23.85/kg, dragging hog prices down by 0.91%.