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March 15, 2012


China Live Hog Weekly: Weak prices slow releases (week ended Mar 13, 2012)

 

An eFeedLink Exclusive
 

 

Price summary

 

Hog prices continued to fall.

 

 

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

15.20

15.90

15.61

15.50

16.80

15.91

-0.30

Henan

15.30

15.70

15.51

15.30

15.80

15.58

-0.08

East China

Shandong

15.00

15.90

15.45

15.20

15.90

15.59

-0.15

Jiangsu

15.00

15.90

15.52

15.40

16.30

15.84

-0.32

Central China

Hunan

15.20

16.20

15.78

15.50

16.00

15.98

-0.20

South China

Guangxi

15.40

15.90

15.67

15.60

15.90

15.83

-0.15

Guangdong

15.30

16.20

15.69

15.60

16.50

15.78

-0.08

Southwest China

Sichuan

16.10

16.50

16.29

16.10

16.30

16.25

0.04

(All prices in RMB/kg)
RMB1=US$0.1579 (Mar 15)
                                                                                            

 


Market analysis

 

Weak demand persisted in the hog market but prices reduced at a slower rate in some regions. The rise in hog release volumes was considerably slower compared with the previous week.

 

 

Market forecast
 

Hog farmers are less willing to release animals for slaughter as prices have dropped by over 10% since January. The market should stabilize gradually with releases limited and demand warming up with the approach of 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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