World Perspectives
feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Domestic Live Hog Cash Price Rebounds by More than 7 Percent The recent procurement of frozen pork for state reserves combined with some warmer weather propelled the average cash price to its highest level since the end of 2022. On 24 February, China’s Merchandise Reserve Management Center, on behalf of the Ministry of Commerce, the National Reform and Development Commission (NRDC), and the Ministry of Finance, held the first state procurement of frozen pork to replenish the country’s central state reserves. As noted last week, the tender was for 20,000 MT, but the actual procurement amounted to just 7,100 MT with a price range of RMB 23,980 to 23,990/MT ($3,480.41 to 3,481.86/MT). A wave of warm temperatures also s...

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