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March 10, 2017


China Live Hog Weekly: Subdued demand, supply surge drag down prices (week ended Mar 9, 2017)


An eFeedLink Exclusive

 
 

Price summary


Prices dropped considerably.

 

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

15.80

16.30

16.04

16.50

16.90

16.74

-0.70

Henan

16.10

16.40

16.31

16.80

17.10

16.89

-0.58

East China

Shandong

16.20

16.50

16.39

16.90

17.00

16.95

-0.56

Jiangsu

16.50

17.30

16.93

16.80

17.50

17.16

-0.23

Central China

Hunan

16.80

17.20

17.06

17.10

17.30

17.25

-0.19

South China

Guangxi

16.60

17.10

16.74

16.90

17.30

17.04

-0.30

Guangdong

16.20

17.20

16.73

16.60

17.60

17.10

-0.37

Southwest China

Sichuan

17.70

18.00

17.76

18.00

18.10

18.08

-0.32

(All prices in RMB/kg)
RMB1=US$0.1447 (Mar 10)

 
 

Market analysis


Hog prices dropped by a substantial 2.4%, as supplies surged while farmers eagerly released inventories, pushing up pork carcass volumes by over 1%. Slaughterhouses, which have stocked some supplies lately, suppressed prices to RMB22.55/kg, down by 0.66%.

 


Market forecast 


Hog prices should remain stable in the coming week as farmers have released excess stocks.


However, with hog population lower, prices are still 10% below the same period last year. This shows that the recovery of the hog market is weaker than expected 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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