Jim Long Pork Commentary: China hog prices EXPLODE
On October 7th China’s average price hog price was 11.54 RMB/kg (83¢ U.S. lb.). Last week the average China price was 17.1 RMB/kg ($1.23 U.S. lb.). An increase of 40¢ lb. or $100 per head. A 15 kg (35 lb.) pig in China is now 634 RMB ($100) up from $40 a few weeks ago. A huge increase in a very short time.
17 November 2021
2 minute read
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