China hit with oversupply of hogs as farmers slow to reduce herds

An oversupply of hogs in China may continue because some farmers in the biggest pork producing nation have been slow to reduce their herds, said a Beijing-based researcher.

The industry will probably remain unprofitable this year as the price of piglets hasn’t fallen in tandem with mature hogs, encouraging farmers to hold breeding sows, Feng Yonghui, general manager of Soozhu.com, said in an interview yesterday.

Piglet prices in China have been little changed since February while pigs have dropped about 9%, according to Shanghai JC Intelligence Co, another agriculture research firm.