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FEED & LIVESTOCK MARKET


April 12, 2017

 

China Live Hog Weekly: Subdued demand weakens China hog prices (week ended Apr 6, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices moved lower.

 

 

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

15.80

15.71

15.70

16.00

15.79

-0.08

Henan

15.80

15.90

15.85

15.90

16.30

16.06

-0.21

East China

Shandong

15.70

15.80

15.78

15.80

16.00

15.88

-0.10

Jiangsu

16.10

16.60

16.30

16.10

16.50

16.32

-0.02

Central China

Hunan

16.30

16.70

16.42

16.20

16.70

16.38

0.04

South China

Guangxi

15.70

16.50

16.18

15.70

16.50

16.20

-0.02

Guangdong

16.20

17.10

16.53

16.20

17.10

16.56

-0.03

Southwest China

Sichuan

16.60

17.00

16.87

16.60

17.00

16.85

0.02

(All prices in RMB/kg)
RMB1=US$0.1450 (Apr 12)
                                                                                            

 
 

Market analysis

 

As the outlook of the pork market was uncertain, slaughterhouses were reluctant to increase stockpiles. Pork carcass prices dipped another 1% over the week, averaging RMB20.83/kg amid limited demand. Prices of hog slid in tandem, inching lower by 0.30%.

 

 

Market forecast                                                          

 

Hog market is expected to consolidate lower as slaughterhouses remain prudent. However, with supplies of hog limited, price falls are unlikley to be tremendous.

 


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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