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February 17, 2017
 
China Live Hog Weekly: Tremendous drop in prices amid soft demand (week ended Feb 16, 2017)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices fell significantly.
 
 

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

16.80

17.20

16.98

18.00

18.40

18.18

-1.20

Henan

16.60

17.00

16.80

17.90

18.10

18.00

-1.20

East China

Shandong

16.60

16.90

16.78

17.80

18.20

17.96

-1.18

Jiangsu

17.30

18.20

17.73

17.80

18.50

18.16

-0.43

Central China

Hunan

17.30

17.90

17.66

18.10

18.40

18.23

-0.57

South China

Guangxi

17.20

17.70

17.40

17.50

18.20

17.77

-0.37

Guangdong

17.00

18.00

17.53

17.40

18.10

17.76

-0.23

Southwest China

Sichuan

17.30

18.40

17.97

17.70

18.80

18.34

-0.37

(All prices in RMB/kg)
RMB1=US$0.1456 (Feb 17)

 
 
Market analysis
 
Hog prices fell prominently, particularly in the northern parts of China, amid slack post-festive demand. Although weekly pork carcass volumes in major centres increased 44% to 6,944 tonnes, sales remained substantially below normal levels, hence exerting pressure on hog prices.
On average, hog prices decreased 3.9% over the week in review.
 
 
Market forecast
 
Pork demand will increase gradually from post-Chinese New Year lows. However, with China's economic outlook uncertain, pork sales are unlikely to be strong. Hog prices are therefore expected to be soft in the coming weeks even as supplies of finishing hog are limited.

 


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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