China Initiates Pig Capacity Controls as Hog Prices Hit Cycle Bottom at 9.50 Yuan/kg

According to Zhitong Finance, China's agriculture and development authorities organized a coordination meeting on June 15 to guide large-scale pig breeding enterprises and provincial governments to reduce production capacity. Hog prices have fallen to 9.50 yuan per kilogram and remain at the cycle bottom amid weak demand during the traditional off-season. State-owned securities analysts expect supply and demand to gradually shift from oversupply to tight balance as capacity controls take effect, potentially triggering a trend-based price recovery.
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