China hog inventory fell back in May


Domestic hog inventory in May fell back, piglet price kept decreasing, farmers supplement zest was low. It is predicted that the fall will last for 3-5 months. Feed consumption will suffer a period of off-season. Deep processing profit was poor, general consumption will stagnate. Due to higher production and import volume in last year, 2011-2012 end inventory will increase a lot. Besides, production of new year will also increased significantly.
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