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Livestock & Feed Market


March 12, 2018

 

China Live Hog Weekly: Prices plunge to near three-year lows (week ended Mar 6, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices dropped sharply.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

10.88

12.74

-1.86

Henan

11.14

12.86

-1.72

East China

Shandong

11.23

12.83

-1.60

Jiangsu

12.03

13.72

-1.69

Central China

Hunan

11.98

13.73

-1.75

South China

Guangxi

12.80

13.92

-1.12

Guangdong

12.95

14.21

-1.26

Southwest China

Sichuan

12.44

13.73

-1.29

(All prices in RMB/kg)
RMB1=US$0.1579 (Mar 12)

 

Market analysis

 

Demand for pork was exceptionally weak, hence curtailing the sales of finishing hog. Prices plunged as a result even though supplies of hog were relatively low due to limited hog inventories. Small hog producers, who were incurring losses, were eager to release stocks amid concerns of expanding deficits.

 

Plunging 11% over the week, hog prices fell to levels unseen since May 2014.

 

 

Market forecast                                                  

 

With pork demand sluggish and small farms keen to cut losses, hog prices are set to remain weak in China. However, sharp price falls are less likely after the recent plummet.

 


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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