Pork shortage leads to price spike

The Wall Street Journal reports too few pigs are headed to markets in pork-loving China, leading to soaring domestic prices and a rush of pork imports from the U.S. and elsewhere to fill the gap. Prices have risen 48% in China in the last year. The average price of pork in the week ended April 2 was 25.67 yuan a kilogram (roughly $1.80 a pound), up from 17.35 yuan a kilogram a year earlier, according to China’s Ministry of Agriculture. Consumer prices were up 2.3% in March from a year earlier, steady from the previous month.