January 19, 2018
China Live Hog Weekly: Market strengthens on tight availability (week ended Jan 18, 2018)
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Prices increased further.
Supplies of hog tightened as stormy weather in several regions continued to obstruct transportation. Meanwhile the demand for pork carcass strengthened, lifting prices significantly by 2.3% to RMB21.54/kg.
Over the week, prices hog increased 1.7% on average, with those in Guangdong up by almost 3%.
Demand for hog is expected to increase in the coming weeks as China prepares for the celebration of Chinese New Year. Should the deliveries of hog continued to be delayed due to the stormy climates, prices will surge further.
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