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The future of the hog in China will be ruined by the fear of pork

China’s bright future has come to an end with the killing of pigs over fears that the world’s second-largest economy will be hit by a pig flood.

Rising concerns that the local market is overflowing with meat has led to a 30% decline in the number of pigs sold in Dalian, allowing investors to bet on the future of prices, since its inception in January.

This is in stark contrast to the producers and exporters of pork in the last two years as the spread of African Swine Fever led to rising prices due to fear of lack of food.

Prices have been affected as authorities have urged farmers to raise more pigs and rehabilitate pig barns in the country after the ASF outbreak.

Researchers say that the situation is worsening for farmers, fearing that prices will plummet and that plans will be in place. Excessive complaints have also been fueled by some obese farmers sowing to a weight of up to 300-400kg – the same as other bear bears – against their average 200kg, according to Chinese reports.

On Tuesday, the futures of pigs on the Dalian Commodity Exchange fell 7.1% to a peak of Rmb18,550 ($ 2,900) per tonne after it was reported that young pigs were being slaughtered, adding more.

Prices for pork sales in China have dropped by almost 50% this year to Rmb23.57 per kilogram, their lowest price since the end of 2019.

“It’s amazing how fast pork prices have fallen,” said Darin Friedrichs, a marketing analyst at StoneX Group in Shanghai.

China has struggled to meet fluctuations in pork prices since ASF began demolishing the 2018 pig herd.

The researchers said that the recent decline in future prices was probably the answer reports Offered by Xinfadi Market in Beijing, the largest market in the capital, on Friday said small pigs are being brought to market.

This “shows that some fields have significantly reduced their prospects for future medical care and. . . are killing prematurely ”, according to reports.

The recent price change prompted China’s minister, the National Development and Reform Commission, to issue a statement last week promising to “improve and stabilize prices in the hog market”, not to mention its own measures.

Pork prices are a major part of China’s consumer price, and their instability has been driving operations over the past year. The fall in pork prices at the end of last year helped to push for higher prices for the first time in more than a decade.

Friedrichs, of StoneX, said the developers hope that the implementation of future agreements will help improve Chinese logistics and pork production.

“Now that we are vigilant, then this change is still there,” he said.

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