U.S. Meat Export Federation. China’s Hog, Pork Prices Still Climbing. At the end of July, China’s live hog price moved above 15 RMB/kg for the first time since February, averaging 15.15 RMB/kg ($1.12 per pound). This was nearly 9 percent higher than a year ago and represented a 21 percent increase from this year’s low point in early May.