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Livestock & Feed Market
 
April 27, 2017

 

China Live Hog Weekly: Prices plummet 16% in four months (week ended Apr 27, 2017)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices slid 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

14.80

15.10

15.03

15.40

15.50

15.42

-0.39

Henan

14.80

14.90

14.81

15.40

15.70

15.56

-0.75

East China

Shandong

15.00

15.20

15.15

15.50

15.80

15.66

-0.51

Jiangsu

15.40

15.90

15.63

15.80

16.40

16.08

-0.45

Central China

Hunan

15.40

15.70

15.56

16.00

16.30

16.10

-0.54

South China

Guangxi

15.30

15.70

15.44

15.90

16.30

16.03

-0.59

Guangdong

15.30

16.30

15.82

15.70

16.60

16.15

-0.33

Southwest China

Sichuan

15.50

15.70

15.59

16.20

16.40

16.27

-0.68

(All prices in RMB/kg)
RMB1=US$0.1450 (Apr 27)
                                                                                           

 
 

Market analysis

 

Hog prices continued to fall as slaughterhouses were reluctant to expand inventories even with May Day holidays approaching. With the demand for pork sluggish, prices of pork carcass dipped 0.84% to RMB20.18/kg.

 

Although hog release volumes remained flat, prices dropped at a faster rate of 3.3% over the week amid poor buying interest. Over the past four months, hog prices have tumbled a whopping 16%

 
 

Market forecast                                                          

 

Sales of hog are expected to increase, albeit gradually, as buyers prepare for the May Day holidays during late April. However, price hikes, if any, are unlikely to be prominent or permanent with slaughterhouses staying cautious.


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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