A resurgence of African Swine Fever (ASF) in China’s hog herd in late 2020 led to increased concern among Chinese producers, causing many to rush selling and leading to a sharp drop in prices. A recent U.S. Department of Agriculture (USDA) Foreign Agricultural Service (FAS) Global Agricultural Information Network (GAIN) report relayed that from January 2021 to the end of June 2021, live hog prices fell by nearly 65% (see table) due to increased slaughter, low consumer demand, and an abundance
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