China’s Hog Prices Fall to Yearly Low as Industry Eyes Capacity Cuts
China’s hog prices have fallen to their lowest level this year despite the usual boost seen during the Mid-Autumn Festival and National Day holidays, 21st Century Business Herald, a Chinese state-owned media outlet, reported.
According to data from the Ministry of Agriculture and Rural Affairs, the national average live hog price was down 2.8% from the previous week and 29.5% year-on-year during the first week of October. Prices fell across all 30 monitored provinces. Since mid-July, hog prices have dropped...
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