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February 28, 2017

 

China Live Hog Weekly: Prices show signs of stabilising (week ended Feb 23, 2017)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices dropped at a slower pace.
 
 

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

16.50

16.90

16.79

16.80

17.20

16.98

-0.19

Henan

16.70

17.00

16.80

16.60

17.00

16.80

0.00

East China

Shandong

16.90

17.10

16.98

16.60

16.90

16.78

0.20

Jiangsu

16.90

17.50

17.22

17.30

18.20

17.73

-0.51

Central China

Hunan

17.20

17.60

17.45

17.30

17.90

17.66

-0.21

South China

Guangxi

16.90

17.70

17.17

17.20

17.70

17.40

-0.23

Guangdong

16.80

17.70

17.28

17.00

18.00

17.53

-0.25

Southwest China

Sichuan

17.80

18.30

18.06

17.30

18.40

17.97

0.09

(All prices in RMB/kg)
RMB1=US$0.1455 (Feb 28)
                                                                                           

 


Market analysis

 

Compared with the sharp fall of over 3% in the previous week, hog prices dropped at a much slower rate of 0.78% over the past week. Over the past two months, hog prices have weakened by 6%.

 

Meanwhile, total pork carcass volumes increased 2.66% to 7,129 tonnes as pork consumption recovered from post-Chinese New Year lows. However, prices slid 2% to RMB22.89/kg with supply exceeding demand.

 
 

Market forecast                                                          

 

This year's pork demand is weaker than expected due to China's sluggish economy. However, despite flat demand, hog prices should stabilise gradually in the coming period with hog inventories 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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