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Livestock & Feed Market


May 26, 2017

 

China Live Hog Weekly: Prices fall to two year lows (week ended May 25, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices continued to fall.

 

 

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

13.70

13.90

13.82

14.00

14.40

14.15

-0.33

Henan

13.30

13.70

13.50

13.80

14.10

13.94

-0.44

East China

Shandong

13.80

14.00

13.86

14.10

14.30

14.19

-0.33

Jiangsu

13.80

14.40

14.11

14.20

14.80

14.53

-0.42

Central China

Hunan

14.00

14.40

14.13

14.30

14.70

14.49

-0.36

South China

Guangxi

14.10

14.60

14.26

14.50

15.00

14.76

-0.50

Guangdong

14.20

15.70

14.79

14.50

15.90

15.10

-0.31

Southwest China

Sichuan

14.00

14.40

14.21

14.50

14.90

14.68

-0.47

(All prices in RMB/kg)
RMB1=US$0.1455 (May 26)
                                                                                            

 
 

Market analysis

 

Lacklustre pork demand, even with Dragon Boat Festival approaching, dampened the confidence of slaughterhouses. Pork carcass prices continued to slide another 0.71% over the week, averaging RMB19.67/kg.

 

Hog prices dipped below RMB14/kg in the northern parts of China, dragging average price down to RMB14.09/kg, which was 2.7% weaker compared with the previous week. Such low hog price level was last seen exactly two years ago in May 2015

 

 

Market forecast                                                          

 

Even if hog prices stabilise due to pre-festive upsurge in pork demand, the market will be under pressure after the Dragon Boat Festival. With pork demand traditionally poor during summer, chances are low that the hog market can strengthen in the coming weeks.

 


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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