China’s hog stocks keep recovering in 2020. Up to the end of 2020, hog stocks total 406.5 mln heads nationwide, an increase of 961 mln heads or 31.0% compared to a year earlier, according to National Bureau of Statistics. This accounts for 92.1% of hog stocks in 2017. Likewise, hog inventories grow 36.12 mln heads by 9.8% from late the third quarter of 2020, which has increased for the consecutive fifth quarters.

In 2020, hog slaughter reaches 527.04 mln heads in the whole country, a fall of 17.15 mln heads or 3.2% from 2019, and the decline is 8.5 percentage points lower than the previous three quarters. Among them, hog slaughter in the fourth quarter represents an advance of 22.9% compared to the same period in 2019.

During the year of 2020, China’s pork production amounts to 41.13 mln tonnes with a decline of 1.42 mln tonnes or 3.3% compared to 2019, and the decline has narrowed 7.4 percentage points from the previous three quarters.