China’s hog prices declined further as supply increased, pork consumption remained weak
COMMODITIES DATA
China’s hog prices declined further as supply increased, pork consumption remained weak
COMMODITIES DATA

China’s hog prices declined further as supply increased, pork consumption remained weak

 

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China’s live hog to feed price ratio stood at 4.07 as of June 28, down 1.93% from the previous week, according to the National Development and Reform Commission and Sublime China Information.

Based on the current price and cost, hog farmers will suffer a loss of 179.92 yuan per hog, showed the data.

China’s hog prices have declined further as the recurrence of pig diseases in many places in South China, which prompt hog farmers to accelerate hog slaughtering, coupled with some farmers’ reluctance to support hog prices after they failed to achieve monthly targets, it said.

On the consumer side, pork consumption remained weak, leaving not driving force to hog prices, it said.