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February 14, 2017

  

China Live Hog Weekly: Pork sales tumble fail to slash hog prices (week ended Feb 10, 2017)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices stayed flat.

 

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

18.00

18.40

18.18

18.10

18.50

18.23

-0.05

Henan

17.90

18.10

18.00

17.90

18.20

18.03

-0.03

East China

Shandong

17.80

18.20

17.96

17.90

18.30

18.04

-0.08

Jiangsu

17.80

18.50

18.16

18.00

18.40

18.28

-0.12

Central China

Hunan

18.10

18.40

18.23

17.80

18.50

18.22

0.01

South China

Guangxi

17.50

18.20

17.77

17.50

18.30

17.74

0.03

Guangdong

17.40

18.10

17.76

17.30

18.00

17.62

0.14

Southwest China

Sichuan

17.70

18.80

18.34

17.80

18.60

18.22

0.12

(All prices in RMB/kg)
RMB1=US$0.1455 (Feb 14)

 

Market analysis

 

Demand for pork plummeted after the Chinese New Year holidays, curtailing the hog releases. Pork carcass volumes of major wholesale centres plunged to 4,816 tonnes, tremendously lower by 45% compared with the previous week.

 

Nonetheless, with the quantity of finishing hog limited, hog prices stood firm, inching lower a mere 0.01%. In regions where availability was tight, prices moved higher even amid weak demand.

 


Market forecast                                                          

 

Sales of pork should recover, albeit at a slow pace, in the coming weeks. With hog inventories tight, prices are unlikely to fall prominently. However, sharp price hikes are unlikely as well as pork demand is poised to be poor due to China's bleak economy.
 
 


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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