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Market Reports


March 1, 2019

 

China Live Hog Weekly: Market recovers from post-festive weakness (week ended Feb 22, 2019)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices were mostly higher.

 

Region

Province

Average price
this week

Average price
last week

Price change

North China

Hebei

11.69

10.94

0.75

Henan

11.69

11.29

0.40

East China

Shandong

12.40

11.94

0.46

Jiangsu

12.77

12.59

0.18

Central China

Hunan

11.76

11.48

0.28

South China

Guangxi

11.45

11.55

-0.10

Guangdong

12.64

12.38

0.26

Southwest China

Sichuan

14.04

14.57

-0.53

(All prices in RMB/kg)
RMB1=US$0.1492 (Mar 1)

 

 

Market analysis

 

Hog demand continued to recover from post-festive lows as slaughterhouses resumed operation. Prices of hog increased for the second consecutive week, gaining 1.9% following the previous week's 3% rise.

 

Pork carcass volumes surged 14% to 7,833 tonnes, from a low of 6,857 tonnes. Nevertheless, as demand for pork products were flat, prices of pork carcass slid 0.74% to RMB17.70/kg.

 

 

Market forecast                                                  

 

Hog quantity will remain low in the coming period, lending some support to the market However, as consumers, who are wary of the swine fever outbreak, cut pork intake, the upward scope of hog market is 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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