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The extreme heatwave and power crunch along the Yangtze River Basin has added to China’s economic woes and inflation concerns, and further threatened the country’s status as the so-called world’s factory, even though the situation is expected to ease as rainfall kicks in next week, analysts and industry insiders said.
Hog futures in Dalian have risen to their strongest in a year, while wholesale meat prices are at a six-month high.
The 190,000 tons shipped in May brings the year-to-date figure to 380,000 tons, nearly 1,000% higher than the same period in 2021.
‘Cow-sized’ obese pigs in China fuel relentless slump in pork prices We’re sorry, this service is currently unavailable. Please try again later. Dismiss By Bloomberg News Normal text size Advertisement Obese pigs in China are being blamed for worsening a sudden rout in the country’s pork prices. Farmers have been fattening hogs since late last year to almost double their normal weight -- roughly the size of a pygmy hippo or a female polar bear -- in the hope the animals will generate higher returns should prices rebound. Many farmers had fattened their pigs in anticipation of a recove...
Farmers have been fattening hogs since late last year to almost double their normal weight — roughly the size of a pygmy hippo or a female polar bear — in the hope the animals will generate higher returns should prices rebound. Cao Tao, a pig trader in the northwestern province of Shaanxi, said many of the swine he’s buying weigh more than 200 kilograms, compared with their usual size of around 125 kilograms. “Some farmers are holding onto their larger pigs on hopes of a price rebound,” he said. Instead, Chinese wholesale pork prices have plunged more than 40% since mid-January am...