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MARKET


May 15, 2018

 

China Live Hog Weekly: Marginal price fall amid tight availability (week ended May 11, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices moved lower.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

9.91

9.93

-0.02

Henan

9.85

9.85

0.00

East China

Shandong

10.14

10.15

-0.01

Jiangsu

10.28

10.35

-0.07

Central China

Hunan

10.06

10.12

-0.06

South China

Guangxi

10.02

10.12

-0.10

Guangdong

10.18

10.35

-0.17

Southwest China

Sichuan

10.15

10.18

-0.03

(All prices in RMB/kg)
RMB1=US$0.1576 (May 15)

 

 

Market analysis

 

Limited availability of finishing hog lent support to the market, as the transacted volume of pork carcass decreased slightly by 0.60% to 8,259 tonnes. Consequently, prices of pork carcass inched lower by 0.20% to RMB14.72/kg.

 

Although hog market continued to weaken, price slide slowed considerably to 0.56%, compared with the previous week's 1.4%. 

 

 

Market forecast                                                  

 

Current hog prices are a mere 5% away from 2008's historic low. Although hog market shows signs of stabilising with hog quantity limited, should demand continue to remain sluggish while pork imports stay ample, China's hog prices are still likely to break new low records.

 


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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