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April 17, 2017

 

China Live Hog Weekly: Weak trend prevails (week ended Apr 13, 2017)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices dipped further.
 
 

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

15.50

15.70

15.60

15.60

15.80

15.71

-0.11

Henan

15.70

16.10

15.86

15.80

15.90

15.85

0.01

East China

Shandong

15.70

15.90

15.76

15.70

15.80

15.78

-0.02

Jiangsu

16.00

16.70

16.29

16.10

16.60

16.30

-0.01

Central China

Hunan

16.20

16.50

16.32

16.30

16.70

16.42

-0.10

South China

Guangxi

16.10

16.60

16.27

15.70

16.50

16.18

0.09

Guangdong

15.90

16.80

16.39

16.20

17.10

16.53

-0.14

Southwest China

Sichuan

16.70

16.80

16.70

16.60

17.00

16.87

-0.17

(All prices in RMB/kg)
RMB1=US$0.1452 (Apr 17)
                                                                                           

 
 

Market analysis

 

Pork demand was weak after Qingming Festival, prompting slaughterhouses to limit purchases of pork carcass. Prices slid almost 1% as a result, averaging RMB20.53/kg.

 

With pork carcass sales poor, prices of hog continued to fall another 0.36% during the period in review.

 
 

Market forecast                                                          

 

Supplies of hog will remain tight in China, lending support to the market despite slack pork demand.

 

In the longer term, China is likely to increase pork imports from the US as the two countries plan to strengthen trade. Hog market will be under pressure with pork imports on the rise.


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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