It used its reserves when African Swine Fever wiped out about half of the country’s hogs.
Now that herds are rapidly being restored, hog prices have collapsed by 65 per cent since the beginning of the year and many of the new and large production companies are losing money.
China's state planner said today that central and local governments will start buying pork.
If you check the record, I predicted that China would rebuild its pork business to not only become self-sufficient, but also a global export competitor. And I urged Canadian hog farmers to be cautious about increasing their production.
