New pig farms and heavy hogs drive China’s Q2 pork output to its highest level in over seven years

China's second-quarter pork production surged to its highest in at least seven years, official data showed on 15 July.
calendar icon 15 July 2021
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"The outbreak of African swine fever before China's Spring Festival saw pigs slaughtered ahead of time, and the price drop in May and June also quickened the pace of slaughtering of overweight pigs. That added to pork output," said Rosa Wang, an analyst with Shanghai JC Intelligence Co Ltd, adding that farmers had rushed to sell their pigs in fear of further price drops.

Pork prices hit more than two-year lows in June, but have recovered some of their losses this month.

Wang said pork output could decrease in the third quarter, with most overweight pigs already sold.

However, analysts are closely watching a recent surge in swine fever outbreaks in Sichuan province, which could trigger more panic slaughtering and pressure prices again.

The statistics bureau said China slaughtered 337.42 million hogs in the first six months of the year, up 34.4% from the corresponding period a year earlier.

Its pig herd expanded 29.2% year-on-year to 439.11 million heads at end-June.

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