Chinese pig farmers face deepening losses as weak pork demand coincides with rising feed costs linked to the Iran conflict. Authorities have repeatedly urged cuts to sow inventories and slaughter rates, while buying frozen pork for reserves after prices hit a 15-year low and margins fell to four-year lows. Sluggish consumption persists post-pandemic, yet oversupply remains. Surging soybean meal and corn prices may accelerate production cuts or force some farmers to exit, according to Mysteel.