|Average wholesale prices reported by China Ministry of Agriculture and Rural Affairs.|
|Calculated from China National Bureau of Statistics reports.|
|Data from China National Bureau of Statistics.|
|Ministry of Agriculture and Rural Affairs.|
|Ministry of Ag inventories calculated from percent changes--not reported after Oct 2019.|
Others gathered from National Bureau of Statistics reports.
The rebound in pork supply seems to be real, but the arithmetic of the recovery implies magical productivity growth in sows. According to the National Bureau of Statistics, China had 36 million sows in June 2020. According to the Bureau, those sows produced enough pigs to slaughter 613 million head AND expand the inventory to by 100 million head over the past year.
|Monthly data from China Feed Industry Association.|