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China


January 24, 2019

 

China Live Hog Weekly: Release surge sends prices diving (week ended Jan 18, 2019)

 

An eFeedLink Exclusive

 
 

Price summary

 

Prices dropped prominently.

 

 

Region

Province

Average price
this week

Average price
last week

Price change

North China

Hebei

11.05

11.90

-0.85

Henan

10.90

11.36

-0.46

East China

Shandong

12.58

13.27

-0.69

Jiangsu

12.78

13.60

-0.82

Central China

Hunan

11.76

12.93

-1.17

South China

Guangxi

12.50

12.98

-0.48

Guangdong

13.03

14.47

-1.44

Southwest China

Sichuan

18.32

20.26

-1.94

(All prices in RMB/kg)
RMB1=US$0.1472 (Jan 24)

 

 

Market analysis

 

The availability of hog surged as farmers, who were worried that pork demand would be poor after the Chinese New Year holidays, expedited releases. This pushed pork carcass volumes in major wholesale centres to increase 4.8% to 9,594 tonnes.

 

However, as slaughterhouses were reluctant to expand stockpiles while pork demand diminished with migrant workers leaving the cities, prices of pork carcass dipped 0.76% to RMB18.44/kg.

 

Hog prices plummeted sharply by 7.1% as a result of excess supplies.

 
 

Market forecast

 

Hog market is poised to stay soft. Nonetheless, price falls are expected to slow after the recent plunge.

 


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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