Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
Livestock & Feed Market


May 9, 2018

 

China Live Hog Weekly: Prices sink to near-eight year lows (week ended Apr 27, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices continued to drop.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

9.98

10.02

-0.04

Henan

9.94

10.04

-0.10

East China

Shandong

10.20

10.28

-0.08

Jiangsu

10.46

10.45

0.01

Central China

Hunan

10.28

10.48

-0.20

South China

Guangxi

10.33

10.40

-0.07

Guangdong

10.62

10.94

-0.32

Southwest China

Sichuan

10.36

10.62

-0.26

(All prices in RMB/kg)
RMB1=US$0.1571 (May 9)

 

 

Market analysis

 

Even with May Day holidays approaching, the demand for pork in China remained sluggish. Compared with the previous week, the sales of pork carcass inched up a mere 0.04% to 8,294 tonnes while prices slid 0.87% to RMB14.76/kg.

 

Hog prices fell 1.4% to RMB10.13/kg, a level unseen since mid-2010.

 

 

Market forecast                                                  

 

Pork demand is traditionally slack during summer in China. This year, sales of hog are exceptionally poor, partly due to ample imports and partly the result of a weak economy. Prices of hog are expected to sink further in May without any festive stimulation.

 

Entering June, pork demand will strengthen due to the approaching of the Dragon Boat Festival. However, sharp hikes in hog prices are unlikely unless pork imports shrink due to the trader war between the US and China.

 


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.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read