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March 16, 2017

 

China Live Hog Weekly: Prices dip 9% after Chinese New Year (week ended Mar 16, 2017)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices slid further.
 

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

15.60

16.10

15.75

15.80

16.30

16.04

-0.29

Henan

15.80

16.10

15.94

16.10

16.40

16.31

-0.37

East China

Shandong

15.90

16.00

15.91

16.20

16.50

16.39

-0.48

Jiangsu

16.10

17.00

16.58

16.50

17.30

16.93

-0.35

Central China

Hunan

16.40

17.00

16.70

16.80

17.20

17.06

-0.36

South China

Guangxi

16.20

16.70

16.44

16.60

17.10

16.74

-0.30

Guangdong

16.10

17.10

16.58

16.20

17.20

16.73

-0.15

Southwest China

Sichuan

17.30

17.50

17.38

17.70

18.00

17.76

-0.38

(All prices in RMB/kg)
RMB1=US$0.1451 (Mar 16)
                                                                                          

 
 

Market analysis

 

Supplies of hog increased, lifting pork carcass volumes by 1% to 7,601 tonnes, which was still substantially below pre-Chinese New Year levels due to slack pork demand. Prices dropped 1.4% to RMB22.24/kg as a result.

 

With availability abundant and buying interest weak, hog prices fell another 2% over the week. After the Chinese New Year holidays hog prices have dropped 9% accumulatively.

 
 

Market forecast                                                          

 

Lacklustre demand will continue to weigh on hog prices. However, with supplies of finishing hog limited and the Qingming Festival approaching, prices are expected to stabilise gradually.


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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