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Livestock & Feed Market


March 31, 2017

 

China Live Hog Weekly: Prices end six-week tumble (week ended Mar 30, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices were mostly higher.

 

 

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

15.70

16.00

15.79

15.20

15.60

15.41

0.38

Henan

15.90

16.30

16.06

16.10

16.30

16.20

-0.14

East China

Shandong

15.80

16.00

15.88

15.30

15.40

15.38

0.50

Jiangsu

16.10

16.50

16.32

15.60

16.40

16.03

0.29

Central China

Hunan

16.20

16.70

16.38

16.10

16.30

16.19

0.19

South China

Guangxi

15.70

16.50

16.20

15.70

16.40

16.12

0.08

Guangdong

16.20

17.10

16.56

15.90

17.00

16.36

0.20

Southwest China

Sichuan

16.60

17.00

16.85

16.90

17.10

16.99

-0.14

(All prices in RMB/kg)
RMB1=US$0.1451 (Mar 31)
                                                                                            

 

 

Market analysis

 

Demand for pork remained flat as consumers limited buying, hence dragging carcass prices lower by over 1% to RMB21.04/kg.

 

However, with supplies of finishing hog tight, farmers stood firm on prices. Rising in most regions, hog prices strengthened by 1.5%, putting a stop to the six-week slide.

 

 

Market forecast                                                          

 

Pork demand should improve in the coming weeks due to tradition of offering prayers to ancestors during Qingming Festival. This should help to underpin the prices of hog together with tight availability.

 


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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