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January 27, 2017

 

China Live Hog Weekly: Market softens amid increased releases (week ended Jan 26, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices moved lower.

 

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

18.40

18.27

18.10

18.50

18.27

0.00

Henan

18.20

18.30

18.20

18.10

18.20

18.09

0.11

East China

Shandong

18.00

18.40

18.17

18.10

18.30

18.19

-0.02

Jiangsu

18.00

18.60

18.38

18.20

18.60

18.37

-0.01

Central China

Hunan

18.00

18.70

18.31

18.20

18.60

18.40

-0.09

South China

Guangxi

17.60

18.40

17.86

17.60

18.70

18.14

-0.28

Guangdong

17.40

18.20

17.81

17.50

18.70

18.21

-0.40

Southwest China

Sichuan

18.40

18.50

18.42

18.60

18.90

18.66

-0.24

(All prices in RMB/kg)
RMB1=US$0.1454 (Jan 26)

   

 

Market analysis

 

Hog demand remained firm with pork sales strong prior to the Chinese New Year. However, as hog releases increased prominently, prices of hog slid 0.64% on average.

 

Meanwhile, pork carcass volumes surged over 5% while prices increased 0.34% to RMB23.62/kg.


 

Market forecast                                                          

 

China's hog market is weaker than expected as consumers are prudent with the country's economy staying weak. Demand is set to soften in the days before the festive holidays, limiting the upward scope of the market.
 

    


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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