China’s pork output jumps 7% as herd glut grows
Accelerated slaughter drives prices to new lows
China's pork production rose 7% in the third quarter from a year earlier, government data showed on Monday, as hog producers accelerated slaughtering to address industry overcapacity, reported Reuters.
Output during June-September in the world's top pork producing nation surged to 13.48 million metric tons, a Reuters calculation based on data from the National Bureau of Statistics showed.
"The increase in pork production was mainly due to hog producers accelerating slaughter to curb overcapacity," said Pan Chenjun, senior animal protein analyst at Rabobank in Hong Kong.
"This has also contributed to recent declines in hog prices."
Farmers slaughtered 529.92 million hogs during the first nine months of the year, up 1.8% from a year earlier.
Cash hog prices stood at 11.2 yuan ($1.57) per kg on Monday, falling from above 17 yuan per kg during the same period last year, according to consultancy MySteel data.
Home to half the world's pigs, China's massive hog sector struggles with a supply glut amid weak consumer demand.
Authorities have intensified efforts to rein in overcapacity, urging major firms to reduce breeding sows, keep hog weight to around 120 kg, as well as tightening credits and subsidies.
The sow herd at September end was down 0.7% year-on-year at 40.35 million, the NBS data showed, still above normal holding level of 39 million.
"The number of breeding sows is expected to gradually decline over the remaining months of this year, while a more substantial drop in the overall hog herd will likely become evident about nine months later, around mid-2026," said Pan.
For the first nine months of the year, production rose 3% to 43.68 million tons.
China's pig herd size at the end of September was up 2.3% from the previous year to 436.8 million head, the NBS data showed.
($1 = 7.1237 Chinese yuan renminbi)