China’s pig prices rebound, but overcapacity still looms
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Live pig prices in China are finally rising. According to industry data from July 13:
Average live hog prices have climbed over 16% since late June, topping RMB 11/kg for the first time in months. (100PPI) Piglet prices – a gauge of future demand – are up over 40% in the same period. (Mysteel)
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