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China's Ministry of Agriculture and Rural Affairs held a coordination meeting on March 22, 2022 to discuss hog production, with seven departments participating. Officials said pork supply is abundant, pork prices are in a cyclical decline, and feed raw material prices have surged, leaving hog producers operating at a loss.
The ministry called for provincial and city-level responsibility measures to stabilize output and secure supply.
Government efforts to stabilize hog numbers aim to keep pork supply steady, but with producers losing money and falling pork prices, herd cuts could eventually reduce feed demand. Hog price weakness and high feed costs squeeze margins for feed buyers.
english.moa.gov.cn英文网1Mar 23, 2022After 34 past bearish policy events, Lean Hogs moved a median -0.3% over 5 sessions (41% higher; middle half -1.6% to +1.3%), and -1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
