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(Adds details and comments on stock market) BEIJING, Feb 8 (Reuters) - China’s most-active hog futures contract surged more than 4% on Monday and shares of the country’s biggest pig producer rallied after recent reports highlighted severe disease outbreaks in the world’s largest pig herd. The reports fuelled investor concerns about pig supply and bets that prices will rise. The hog futures contract closed 4.08% firmer at 26,900 yuan ($4,166.15) per tonne, its highest since trading on the Dalian Commodity Exchange launched last month. Shares in the country’s top pig breeder Muyuan Foods surged 9.3% on Monday to 116 yuan. Both futures and company stocks began to rally last week, amid intense discussion around the extent of disease in the country’s hog herd. ....
2/8/2021 By Dominique Patton BEIJING, Feb 8 (Reuters) - China s most-active hog futures contract surged more than 4% on Monday and shares of the country s biggest pig producer rallied after recent reports highlighted severe disease outbreaks in the world s largest pig herd. The reports fuelled investor concerns about pig supply and bets that prices will rise. The hog futures contract closed 4.08% firmer at 26,900 yuan ($4,166.15) per tonne, its highest since trading on the Dalian Commodity Exchange launched last month. Shares in the country s top pig breeder Muyuan Foods surged 9.3% on Monday to 116 yuan. Both futures and company stocks began to rally last week, amid intense discussion around the extent of disease in the country s hog herd. ....
National & World Ag News Headlines China s Pig Herd Returning to Normal Levels After ASF USAgNet - 12/16/2020 China s pig and sow herds, ravaged by African swine fever over the past two years, recovered to more than 90% of normal levels by the end of November, the official news agency Xinhua said on Tuesday. Production capacity should fully recover by the first half of next year, said Xinhua, citing the Ministry of Agriculture and Rural Affairs. Just over a year ago, China s pig herd had shrunk by 40% ministry data showed, after swine fever devastated farms across the nation. According to Reuters, strong policy support and subsidies launched last year have helped drive a rapid recovery, with the building and stocking of new farms outpacing most expectations. ....
12/14/2020 (Adds context, detail on prices) BEIJING, Dec 15 (Reuters) - China s pig and sow herds, ravaged by African swine fever over the past two years, recovered to more than 90% of normal levels by the end of November, the official news agency Xinhua said on Tuesday. Production capacity should fully recover by the first half of next year, said Xinhua, citing the Ministry of Agriculture and Rural Affairs. Just over a year ago, China s pig herd had shrunk by 40% ministry data showed, after swine fever devastated farms across the nation. Strong policy support and subsidies launched last year have helped drive a rapid recovery, with the building and stocking of ....