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Livestock & Feed Market


February 4, 2019

 

China Live Hog Weekly: Prices tumble further amid excess availability (week ended Jan 25, 2019)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices continued to fall.

 

 

Region

Province

Average price
this week

Average price
last week

Price change

North China

Hebei

10.19

11.05

-0.86

Henan

10.30

10.90

-0.60

East China

Shandong

11.84

12.58

-0.74

Jiangsu

12.13

12.78

-0.65

Central China

Hunan

10.33

11.76

-1.43

South China

Guangxi

11.74

12.50

-0.76

Guangdong

11.81

13.03

-1.22

Southwest China

Sichuan

15.79

18.32

-2.53

(All prices in RMB/kg)
RMB1=US$0.1483 (Feb 4)

 

 

Market analysis

 

Farmers were eager to release hogs before the Chinese New Year holidays, as demand is set to dwindle after the festive break. With hog supplies surging, pork carcass volumes increased prominently by 6.6% to 10,227 tonnes.

 

Nonetheless, prices of hog plummeted 8.5% as slaughterhouses slashed prices amid poor sales of pork products. This dragged pork carcass prices down by 3.3% to RMB17.70/kg.

 

 

Market forecast                                                  

 

With supplies abundant while pork demand is poorer than expected to due to the African swine fever outbreak, hog market is projected to remain weak during the last week of January. However, following the sharp fall in prices over the past two weeks, hog prices should slide at a slower rate.

 


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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