More than you can chew (or buy)

🐷 Never a good idea to take that bite, huh? China’s Agriculture Ministry urged farmers to take measures to reduce excess pork output. Why? Because that will reduce pressure on prices – which, by the way, have fallen below the cost of production due to weak consumption.

     • China’s hog farmers had raised heavier pigs in hopes that demand and prices would rise ahead of the Lunar New Year holiday. That’s why Chinese pork production hit its highest level in eight years!.

😷 However… COVID-19 surges across the country have severely cut consumption. With so much available pork and falling demand, prices have slumped and there’s a lot of unpurchased meat lying around. Hence, the government’s asking "please, just take a break!".