Live hog slaughter slightly exceeded expectations in March, but regional disparity was significant.
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Golden Ten Data Futures reported on April 2 that in March, the overall domestic live hog slaughter slightly exceeded expectations, but there were significant regional differences. The planned targets for the first half of the month were generally met, with farms accelerating slaughter. However, fierce market competition and severe oversupply led to prices repeatedly hitting new lows. In some regions, pig farmers were reluctant to sell or had to postpone sales. Mysteel agricultural product monitoring data showed that in March, the planned live hog slaughter volume for key provinces was 13.7453 million heads, while the actual volume was 13.8264 million heads, achieving a completion rate of 100.59%. Specifically, most northern and central regions exceeded slaughter plans, while the actual completion in southwestern, southern, and parts of eastern China was lacking.
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