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feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Live Hog Prices Weaken Further, Piglet Prices Surge Higher The national average live hog price continued to soften last week, shedding RMB .06/kg ($.004/lb.) or .4 percent. Even with feed prices continuing to fall, the operating loss per live hog worsened by RMB 6/head ($.88/head) or 2.9 percent. Interestingly, the lower cash price for corn actually resulted in the corn-hog ratio improving to 5.30. In contrast to the trend in live hog prices, piglet prices continue to remain strong. The latest survey from the Ministry of Agriculture and Rural Affairs (MARA) showed the national average piglet price fell to RMB 38.04/kg ($2.52/lb.) or RMB 570.60/head ($83.42/head) for a 15-kg piglet last week. While that is down from a peak at the...

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