# Industrialization

China’s Broken Hog Cycle: Why the World’s Biggest Pork Market is Stuck in a Languishing Bottom

China's hog industry is facing a structural crisis as prices fall below 5 yuan per catty and industrial efficiency keeps supply high despite culling efforts. The transition from backyard farming to corporate consolidation has broken the traditional 4-year hog cycle, leading to a protracted period of losses and a potential L-shaped recovery.