Today is 07/19/2024

Hog production steadily recovers, and pork price falls for the seventh straight

2021-03-18 www.cofeed.com

China’s sow stocks have continually increased since this year, and it sees a steady recovery in hog production. With hog slaughter significantly picking up, pork prices also fall distinctly. During the month of January and February, nationwide sow inventories grow by 1.1% and 1.0% month-on-month and 35.0% and 34.1% year-on-year, respectively, according to Ministry of Agriculture and Rural Affairs. By the end of February, sow stocks are equivalent to the 95.0% of that in late 2017, and hog stocks nationwide stay higher than 400 million heads. With respect to hog slaughter, it totals 14.24 million heads among nationwide designated hog slaughtering enterprises in February, a year-on-year growth of 71.2%.