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MARKET
 
May 17, 2017

 

China Live Hog Weekly: Unusually weak pork demand drags hog prices to new yearly lows (week ended May 11, 2017)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices moved lower.
 
 

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

14.20

15.00

14.58

14.50

15.00

14.76

-0.18

Henan

14.10

14.40

14.25

14.40

14.70

14.56

-0.31

East China

Shandong

14.50

14.80

14.65

14.60

14.90

14.79

-0.14

Jiangsu

14.70

15.30

14.99

14.80

15.30

15.13

-0.14

Central China

Hunan

14.80

15.10

14.95

14.90

15.40

15.12

-0.17

South China

Guangxi

14.90

15.20

15.05

14.90

15.40

15.20

-0.15

Guangdong

15.20

16.20

15.65

15.40

16.30

15.76

-0.11

Southwest China

Sichuan

14.90

15.10

15.04

14.90

15.20

15.07

-0.03

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

 
 

Market analysis

 

Demand for pork shrank after the May Day holidays, dragging prices of hog to new yearly lows, levels unseen since Q2 2015. Compared with a year ago, hog prices were almost 30% lower.

 

Meanwhile, pork carcass prices slid 0.15%, averaging RMb19.91/kg.

 
 

Market forecast                                                          

 

Pork demand is exceptionally soft this year as Chinese consumers are reluctant to spend with China's economic outlook bleak. The making of dumpling in the period leading to Dragon Boat Festival should strengthen the sale of pork and hence hog in the coming couple of weeks. However, prices are expected to increase modestly at best as consumer spending remains fundamentally weak. 
 


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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