January 8, 2014
 
China Live Hog Weekly: Increase in supplies weighs on market (week ended Jan 7, 2014)
         
An eFeedLink Exclusive
   
        
Price summary 
 
Prices moved lower.
 

Region

Province

Lowest price this week

Highest price this week

Average price this week

Lowest price last week

Highest price last week

Average price last week

Changes

North China

Hebei

14.70

15.10

14.93

15.10

15.60

15.30

-0.37

Henan

14.80

15.10

14.95

15.20

15.40

15.34

-0.39

East China

Shandong

14.70

15.70

15.03

15.00

15.50

15.25

-0.22

Jiangsu

14.90

15.40

15.10

15.00

15.60

15.28

-0.18

Central China

Hunan

14.90

15.60

15.25

15.40

16.30

15.76

-0.51

South China

Guangxi

15.20

15.90

15.58

15.60

15.90

15.73

-0.15

Guangdong

14.90

16.10

15.56

15.60

16.50

16.12

-0.56

Southwest China

Sichuan

15.90

16.20

16.01

16.60

16.80

16.72

-0.71

(All prices in RMB/kg)
RMB1=US$0.1653 (Jan 8)
                                                                                          

 
      
   
Market analysis
 
Fear over pig diseases prompted farmers to rush the release, leading to the increase in supplies; while consumer confidence took a hit. As a consequence, China hog market weakened further over the past week with prices inching down nationwide.
   
Carcass prices stayed flat at RMB21.45/kg, an immaterial fall of 0.74% from the previous week.
  
 
Market forecast
 
Traditionally, falling temperatures are supposed to drive up pork consumption in China. On the contrary, hog sales are slowing amid panicked reaction regarding the winter diseases among some farmers. Without a boost in demand in sight, the slowdown of China hog market is expected to continue in the coming week.
        

             
eFeedLink offers monthly China hog and poultry market trackers, including analyses and on-the-ground information from Guangxi, Guangdong, Hunan, Hubei, Sichuan, Jiangsu, Henan, Shandong, Hebei and the whole of China. These provinces cover at least 70% of the total hog, poultry and related feed production or consumption in China. For more information, visit:
 
/eFLResearch


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Video >

Follow Us

FacebookTwitterLinkedIn