Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
FEED & LIVESTOCK MARKET


June 12, 2017

 

China Live Hog Weekly: Prices plunge amid poor summer pork demand (week ended Jun 8, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices fell sharply.

 

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

12.70

13.00

12.82

13.40

13.80

13.57

-0.75

Henan

12.40

12.80

12.56

13.00

13.20

13.08

-0.52

East China

Shandong

12.70

13.00

12.86

13.50

13.70

13.64

-0.78

Jiangsu

13.00

13.30

13.14

13.50

14.00

13.72

-0.58

Central China

Hunan

12.90

13.30

13.08

13.40

13.90

13.69

-0.61

South China

Guangxi

13.50

13.80

13.61

13.80

14.20

13.97

-0.36

Guangdong

13.40

14.40

14.00

14.00

15.30

14.60

-0.60

Southwest China

Sichuan

12.90

13.30

13.16

13.60

13.90

13.78

-0.62

(All prices in RMB/kg)
RMB1=US$0.1471 (Jun 12)
                                                                                            

 

 

 

Market analysis

 

After sliding 1.4% over the week, prices of pork carcass dropped below RMRB19/kg averaging RMB18.96/kg. As the demand for pork weakened after the Dragon Boat Festival holidays, slaughterhouses were reluctant to increase stockpiles.

 

With demand dwindling and supply stable, hog prices plunged 4.4% during the period in review. In the central region, where sales were particularly poor, prices plummeted almost 6%. In several parts of China prices have dropped below RMB13/kg.

 

 

Market forecast                                                          

 

Hog market is expected to weaken further as summer demand for pork is traditionally sluggish. Even though the quantity of finishing hog is limited due to perennially low sow inventories, high imports of pork will to keep supply sufficient, hence delaying market recovery.

 


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