Roughly 714.27 million pigs will be slaughtered in China in 2012, according a report published by Bric Consultants Beijing.
The pork supply will have increased 4 percent to 5 percent by the end of 2012, said the report. Due to the decrease in pork demand during the fourth quarter, and the supply being rather large compared to demand, it is possible that pig prices will decrease again in the short term.
The amount of feed has increased by roughly 5 percent, around 7 million tons. The newly increased need for corn is around 4 million tons, and the need for soybean meal is about 1.2 million tons. The yearly need increased significantly during the first quarter, and the trend continued into the second quarter, but began to fall in the third quarter. In the fourth quarter, the need remained favorable, according to the report.