Beijing — China’s largest pig-farming companies and new entrants are racing to build vast, modern hog farms in the northeastern maize belt, expanding the world’s biggest pork market and upending traditional trade flows in meat and grain. At least eight listed companies have announced or confirmed plans to produce about 17-million pigs annually in the northeast in coming years. Many more companies including the country’s biggest pig farmer, Guangdong Wen’s Foodstuff Group, are building farms in the area, suppliers and sources say, adding to China’s annual $1-trillion pork market. Some researchers expect production in the northeast to reach about 120-million pigs a year, almost double the 69-million head produced in the area by Heilongjiang, Jilin, Liaoning and Inner Mongolia provinces in 2016. "In the next few years, almost 20% of China’s hogs will be transferred to new territory. That is equivalent to the number slaughtered in the US annually," said Feng Yonghui, chief analyst at co...
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