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Livestock & Feed Market


April 9, 2019

 

China Live Hog Weekly: Cautious mood limits sales despite firm pork demand (week ended Mar 29, 2019)


An eFeedLink Exclusive

 
 
Price summary
 

Prices moved lower.

 

Region

Province

Average price
this week

Average price
last week

Price change

North China

Hebei

14.80

14.86

-0.06

Henan

15.24

15.51

-0.27

East China

Shandong

16.04

16.00

0.04

Jiangsu

16.00

16.25

-0.25

Central China

Hunan

14.80

14.95

-0.15

South China

Guangxi

13.18

13.62

-0.44

Guangdong

15.18

15.16

0.02

Southwest China

Sichuan

16.96

17.07

-0.11

(All prices in RMB/kg)
RMB1=US$0.1489 (Apr 9)

 

Attention: The publication of Weekly Reports will terminate starting April 15, 2019. Contents of the report will be available on SpoutINFO website (https://spoutinfo.com).

 
 

Market analysis

 

Pork demand stayed strong, lifting pork carcass prices by 0.68% to RMB20.79/kg amid tight availability. Nonetheless, slaughterhouses turned cautious and withheld hog purchases, hence limiting pork slaughter volumes in major wholesale centres to 8,044 tonnes, lower by 0.33% compared with the previous week.

 

Prices of hog slid in most regions as a result, dragging weekly average prices down by almost 1%.

 
 
Market forecast
 

Pork demand is expected to remain firm due to the stimulation of Qingming Festival. With the quantity of finishing hog limited, prices are set to move higher even as slaughterhouses stay prudent.

 

 

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


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

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