According to data released by China's National Development and Reform Commission, hog prices in China have been at hauntingly low levels for nine consecutive months. This benefits meat processing corporations. An executive of Shuanghui Group said, due to slumped pork price and shifted demand, sales of fresh products in April increased significantly and is almost equal to that of their meat products.
Industry analysts said if China's pork prices continue to fall, pork consumption will rebound. Meanwhile, the fluctuating ranges of pork prices are less than hog prices, resulting in pork products maintaining a profit margin against low hog price at present.
