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February 7, 2019

 

China Live Hog Weekly: Prices plunge 18% in January (week ended Feb 1, 2019)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices dipped further.

 

 

Region

Province

Average price
this week

Average price
last week

Price change

North China

Hebei

10.06

10.19

-0.13

Henan

10.45

10.30

0.15

East China

Shandong

11.41

11.84

-0.43

Jiangsu

12.05

12.13

-0.08

Central China

Hunan

10.37

10.33

0.04

South China

Guangxi

11.08

11.74

-0.66

Guangdong

11.83

11.81

0.02

Southwest China

Sichuan

14.84

15.79

-0.95

(All prices in RMB/kg)
RMB1=US$0.1483 (Feb 7)

 

 

Market analysis

 

Hog slaughter volumes continued to expand as farmers rushed to clear stocks in anticipation of a poor post-Chinese New Year market. Pork carcass volumes expanded substantially by 5.86% as a result to 10,826 tonnes, hence dragging the average price down by 2.88% to RMB17.29/kg.

 

Over the week, hog prices dropped another 2.2%, contributing to January's 18% plummet.

 

 

Market forecast                                                  

 

The quantity of finishing hog will be greatly diminished after the festive break due to expedited releases during January. Nevertheless, hog market is expected to remain soft despite low availability as the rampant spreading of African swine fever shatters pork demand.

 


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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