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China’s live hog prices have been running at low levels and the average hog-to-feed ratio reached 5.21 : 1 in the week of April 24 – 28, remaining in the range of the second-level warning for excessive declines, said the National Development and Reform Commission, the country’s top economic planner.
The NDRC, together with other departments, will launch the second batch of purchase of pork for state reserves at an appropriate time to push hog prices back to a reasonable range as soon as possible, it said.
China’s most-traded live hog futures contract on the Dalian Commodity Exchange, for July delivery, gained as much as 1% after sliding more than 2% earlier in the session
