China: Pork Price Decline Impacts Production

Between April and June 2021 excess pork production in China has lowered pork prices, caused small and medium producers to liquidate farm inventories, and limited piglet restocking. Chinese authorities are instituting a system to address severe price fluctuations in live hogs and pork in an attempt to manage prices and support farmers. Continued price declines in live hog and pork prices will create potential gaps in pork production in the second half of 2021. Demand for imported pork is anticipated to remain robust.