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Swine


January 14, 2019

 

China Live Hog Weekly: Prices stabilises but pork demand stays soft (week ended Jan 4, 2019)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices were mixed.

 

 

Region

Province

Average price
this week

Average price
last week

Price change

North China

Hebei

12.05

12.08

-0.03

Henan

11.36

11.20

0.16

East China

Shandong

13.42

13.42

0.00

Jiangsu

13.92

14.07

-0.15

Central China

Hunan

13.22

13.36

-0.14

South China

Guangxi

13.18

13.18

0.00

Guangdong

15.09

15.31

-0.22

Southwest China

Sichuan

19.78

19.32

0.46

(All prices in RMB/kg)
RMB1=US$0.1478 (Jan 14)

 

 

Market analysis

 

Hog prices moved within narrow ranges in most provinces, except in Sichuan, where supplies were tight. As a result, average hog prices ended December's falling trend with a nominal rebound of 0.07% during the first week of January.

 

Demand for pork remained tepid, as the weekly sales of pork carcass decreased 0.93% to 9,268 tonnes. Prices slid 1.32%, averaging RMB18.71/kg.

 

 

Market forecast                                                  

 

Demand for pork should strengthen in the coming weeks as China prepares for the Chinese New Year celebration. However, the outbreak of the African swine disease has resulted in lower pork consumption. Hence, even as hog supplies are limited, prices are unlikely to soar tremendously despite improved pork demand.

 


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: http://www.efeedlink.com/eFLResearch


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