# Deflation

Sows, Surpluses, and Sub-Zero Margins: Inside China’s Brutal Pork Price Correction

China's pork industry is grappling with a severe supply glut that has driven prices to multi-year lows, causing farmers to lose an average of 225 yuan per pig. Despite government intervention through state stockpiling, a full market recovery is not expected until the second half of the year when production cuts begin to balance out excess supply.