Sharp falls in hog prices trigger warning system, state planner urges farmers to keep pig production capacity at reasonable level

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Chinese authorities said the sharp drop in hog prices has brought a closely watched indicator of production costs below a critical level and urged pig farmers to maintain pig production capacity at a reasonable level.

The average hog-to-grain ratio, which takes the price of a pig and divides it by the cost of the corn needed to feed it, dropped below the critical 6:1 level last week, triggering a level-3 warning that requires action by the government to stabilise prices, said the National Development and Reform Commission (NDRC), China's top economic planner . . .

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