Slaughterhouses restocked depleting inventories, lending support to the hog market even as the quantity of finishing hog continued to increase. Hog prices rebounded in several regions but remained soft in the southern provinces amid slack demands.
Pork demand remained soft, prompting slaughterhouses to limit purchases. This, together with increased hog availability, exerted pressure on the market.
Ending the seven week tumble which dragged prices down by 24%, hog prices rebounded lately while slaughterhouses expanded production. Pork slaughter volumes increased substantially but remained below pre-Chinese New Year levels.