Pig price near record as floods stir concern

Domestic pig prices may climb to near a record after floods drowned animals and prompted concerns about possible disease outbreaks in the world’s biggest pork producer and consumer, according to analysts. Farmers are increasing slaughters, including animals that aren’t fat enough, after floods in the central and southern areas, said analysts with Beijing Orient Agri-business Consultant Ltd. Pig prices may increase from September and near the record 21 yuan ($3.15) per kilogram reached in May. Prices were at 18.34 yuan on Wednesday.