China's most active live hog futures contract fell by over 3% on Wednesday, the largest decline since July, due to weak consumption and heavy slaughter volumes. The January contract dropped 3.05% to 20,315 yuan ($2,908.71) per tonne. Average national hog prices have declined 8% this month, falling to 22.43 yuan per kilogram on Tuesday. The market had anticipated cooler temperatures this month to boost meat consumption, but consumption remains weak and supply is abundant due to increased slaughter. Beijing has urged major hog producers to increase slaughter volumes, which has led to an increase in supply. As a result, the market does not anticipate a rise in pig prices before the Spring Festival.