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Livestock & Feed Market
 
March 24, 2017

 

China Live Hog Weekly: Prices slide to 21-month low (week ended Mar 23, 2017)

 

An eFeedLink Exclusive

     
 

Price summary

 

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

15.60

15.41

15.60

16.10

15.75

-0.34

Henan

16.10

16.30

16.20

15.80

16.10

15.94

0.26

East China

Shandong

15.30

15.40

15.38

15.90

16.00

15.91

-0.53

Jiangsu

15.60

16.40

16.03

16.10

17.00

16.58

-0.55

Central China

Hunan

16.10

16.30

16.19

16.40

17.00

16.70

-0.51

South China

Guangxi

15.70

16.40

16.12

16.20

16.70

16.44

-0.32

Guangdong

15.90

17.00

16.36

16.10

17.10

16.58

-0.22

Southwest China

Sichuan

16.90

17.10

16.99

17.30

17.50

17.38

-0.39

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

 

Market analysis

 

Pork carcass prices slid 1% to RMB21.28/kg, as slaughterhouses withheld buying while pork demand remained sluggish. With supplies of hog stable, prices dipped 2.4% to levels unseen since mid-2015.

 
 

Market forecast                                                          

 

Pork demand should recover gradually with Qingming Festival approaching. Price falls are expected to slow as slaughterhouses restock inventories. However, the cautious mood of consumers and slaughterhouses will limit the upward scope of the hog market.

 


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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