China’s sow herd at end-May up on month for the first time in a year
China’s sow herd at the end of May was larger than in April, its first month-on-month increase in a year, an agriculture ministry analyst said on Thursday.
The sow herd rose 0.4% month-on-month to 41.92 million, but was 4.7% lower than a year ago, according to Wang Zuli, an analyst with the Ministry of Agriculture and Rural Affairs.
The herd had been contracting in the past year, as falling hog margins pushed some farmers to exit the market. Rising pig prices lately, however, have boosted production.
China’s sow herd at end-May was up 1.86% from the previous month, according to data from Mysteel, a China-based consultancy.
The last pig cycle ended in March when prices hit bottom, and hog prices were expected to rise further, Wang said.
Source: Reuters (Reporting by Hallie Gu and Dominique Patton Editing by Mark Potter)