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March 2, 2017

 

China Live Hog Weekly: Price fall slows further (week ended Mar 1, 2017)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices were marginally lower.
 
 

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

16.74

16.50

16.90

16.79

-0.05

Henan

16.80

17.10

16.89

16.70

17.00

16.80

0.09

East China

Shandong

16.90

17.00

16.95

16.90

17.10

16.98

-0.03

Jiangsu

16.80

17.50

17.16

16.90

17.50

17.22

-0.06

Central China

Hunan

17.10

17.30

17.25

17.20

17.60

17.45

-0.20

South China

Guangxi

16.90

17.30

17.04

16.90

17.70

17.17

-0.13

Guangdong

16.60

17.60

17.10

16.80

17.70

17.28

-0.18

Southwest China

Sichuan

18.00

18.10

18.08

17.80

18.30

18.06

0.02

(All prices in RMB/kg)
RMB1=US$0.1453 (Mar 2)
                                                                                          

 


Market analysis

 

Sales of pork carcass continued to expand, rising 4.5% to 7,447 tonnes. However, with supplies higher than demand, prices of pork carcass slid almost 1% to RMB22.70/kg.

 

Despite falling another 0.41%, hog prices showed clear signs of stabilising as the magnitude of the price dip decreased consistently over the past several weeks.

 

Market forecast                                                          

 

Hog prices are projected to consolidate around current levels as demand for pork recovers while the availability of finishing hog remains tight. Prices should move higher towards late March when pork demand surges due to the approaching of the Qingming Festival.


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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