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COFCO Meat Holdings reported 2017 net profit of 444.8 million yuan, down from 951.9 million in 2016, as hog prices slumped. The company said it will expand pig production through contract farming and build new pork factories in north and central China.
Continued expansion by a major state-owned producer signals sustained future growth in Chinese hog output, supporting long-term feed demand even as near-term margins weaken.
feedstuffs.comMar 31, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
