Resistance to high-priced products among end-users leads to lower operating rates in slaughterhouses

According to Golden Ten Data Futures on April 23, recently, live hog prices have stopped falling and risen rapidly. After the wholesale pork prices followed suit, the terminals showed limited acceptance of high-priced products, leading to a gradual reduction in transactions. This has prompted slaughterhouses to lower slaughter volumes and resulted in a fluctuating decline in operating rates. Data shows that for the week of April 23, the slaughtering enterprises’ operating rate was 35.90%, down 0.16 percentage points from the previous week and up 8.71 percentage points year-on-year, with operating rates fluctuating in the range of 34.81%-37.12%.