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New Hope Group, China's large feed producer, plans to cut its projected pig breeding numbers from five million to 3.5 million next year due to high costs of buying piglets. The company says self-breeding piglets could lower breeding costs by RMB11-12 per kg per pig, while it still targets 18 million pigs slaughtered in 2021 through contract farmers.
Reduced in-house breeding by a major feed maker signals tighter piglet supply costs and a shift toward outsourcing, which affects feed demand from China's hog sector and the pork price outlook.
foodnavigator.comOscar RousseauDec 4, 2017Not 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.
