China is the world’s largest hog-producing country and Spain is third.
Market hog prices In Spain are 20 per cent short of break-even.
Market hog prices in China are as low as half the cost of production. It’s the worst hog market it has ever seen.
In both cases farmers are dumping sows into the market and sow prices have reached near give-away levels.
It remains to be seen what impact these market collapses will have on the North American pork sector.