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Hog production capacity is gradually released, and sluggish hog prices are predicted to continue until 2019

China Agriculture Report By CnAgri2018-04-27 15:21:43China Agriculture Report Print BOABC believes that hog prices will be in the down stage in 2018, it’s impossible for hog prices to drop sharply in the second half of the year, and sluggish hog prices will continue to 2019.
In March 12018, the Ministry of Agriculture and Rural Affairs issued data that the inventory of reproductive sows increased by 0.1% month-on-month, and the estimated inventory was 36.11 million head. Current data has stopped falling and picked up, which means the increase in hog production capacity in 2019.
New Hope Liuhe Group, Da Bei Nong Group and other enterprises continued to invest in hog industry from January to March in 2018, and the planned capacity of 18 million hogs will be released around 2019 and 2020.
The number of reproductive sows in hand affects the amount of hogs slaughtered 10 months later. In 2019, pig production capacity tends to increase, and it may be difficult for hog prices to come out of the trough.
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