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January 19, 2017

 

China Live Hog Weekly: Prices consolidate amid supply surge (week ended Jan 19, 2017)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices moved in a narrow range.
 
 

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

18.10

18.50

18.27

18.00

18.50

18.31

-0.04

Henan

18.10

18.20

18.09

18.20

18.50

18.32

-0.23

East China

Shandong

18.10

18.30

18.19

18.00

18.30

18.18

0.01

Jiangsu

18.20

18.60

18.37

17.90

18.50

18.27

0.10

Central China

Hunan

18.20

18.60

18.40

18.20

18.60

18.36

0.04

South China

Guangxi

17.60

18.70

18.14

17.60

18.40

18.02

0.12

Guangdong

17.50

18.70

18.21

17.70

18.60

18.07

0.14

Southwest China

Sichuan

18.60

18.90

18.66

18.70

19.00

18.84

-0.18

(All prices in RMB/kg)
RMB1=US$0.1456 (Jan 19)

 

Market analysis

 

Demand for pork remained firm as the preparation for the celebration of Chinese New Year entered its final stage. Nonetheless, prices of hog remained flat, inching down 0.03% to be exact, while hog releases surged over the week.

 

Overall pork carcass volumes rose sharply by 6.6% as a result, totalling 9,444 tonnes. With demand for pork robust, prices of pork carcass increased almost 1% to RMB23.54/kg despite the prominent supply rise.

 
 

Market forecast                                                          

 

Hog prices are expected to rise further after the previous week's consolidation. Strong pre-festive demand and tight availability of finishing hog will be the forces driving the price hike.


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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