date:Apr 09, 2013
Due to cyclical and seasonal factors, hog prices have fallen remarkably since January. The hog-to-corn price ratio, a major indicator of the industry's profitability, has stayed under 6:1, the break-even point for farmers, for four weeks.
In order to stabilize prices and prevent further damage to farmers' interests, the government has purchased the frozen pork at prices slightly above market price, the National Development and Reform Commission (NDRC) said in a statement.
The oversupply of hog