January 11, 2018
China Live Hog Weekly: Limited demand softens prices (week ended Jan 4, 2018)
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Prices moved lower.
Hog prices remained soft before and after the New Year holidays, as slaughterhouses were reluctant to increase stockpiles. However, with hog quantity low, price falls were limited to 0.28%. Pork carcass prices inched lower 0.10% to RMB21.03/kg.
With pork demand increasing at a slower-than-expected rate, slaughterhouses will limit stockpiles prudently. Nonetheless, in the northern parts of China, where deliveries are hampered by the snowy climates, prices are likely to strengthen amid tightened supplies.
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