January 26, 2018
China Live Hog Weekly: Increased supply lowers prices (week ended Jan 25, 2018)
An eFeedLink Exclusive
Prices moved lower.
China's climate improved, allowing farmers to release more hogs as transportation was smooth. Prices of hog weakened as result, lower by 0.81% on average. Pork carcass prices dropped 0.97% to RMB21.33/kg.
Slaughterhouses are prudent with purchases as the demand for pork is weaker compared with past years. Prices are likely to consolidate lower in the coming week. However, with supplies tight, sharp falls in prices are unlikely.
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.