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Market Reports


April 12, 2018

 

China Live Hog Weekly: Prices rebound from near eight-year lows (week ended Apr 6, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices moved higher.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

10.09

9.87

0.22

Henan

10.14

9.96

0.18

East China

Shandong

10.34

10.11

0.23

Jiangsu

10.86

10.62

0.24

Central China

Hunan

10.90

10.52

0.38

South China

Guangxi

11.04

10.52

0.52

Guangdong

11.42

10.59

0.83

Southwest China

Sichuan

11.31

10.88

0.43

(All prices in RMB/kg)
RMB1=US$0.1592 (Apr 12)

 

 

Market analysis

 

The availability of hog shrank prominently, dragging weekly pork carcass volumes lower by over 4% to 8,096 tonnes. This helped hog prices, which have plummeted 23% in a matter of five weeks, to consolidate higher.

 

Week-over-week, hog prices rebounded by 3.6%. This was, however, 30% below mid-January's high for the year.

 

 

Market forecast                                                  

 

Slaughterhouses will continue to stay cautious as the outlook of the market remains uncertain. However, at current levels, which are unseen since mid-2010, the downward scope of hog prices will be limited.

 

Once the government implements the tax on US pork imports, stronger demand for local pork is expected to help push prices higher.

 


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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