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June 14, 2018

 

China Live Hog Weekly: Prices surge on tight supply, robust demand (week ended Jun 4, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices rose sharply.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

11.38

10.39

0.99

Henan

11.34

10.35

0.99

East China

Shandong

11.42

10.72

0.70

Jiangsu

11.38

10.64

0.74

Central China

Hunan

11.08

10.39

0.69

South China

Guangxi

11.40

10.43

0.97

Guangdong

11.58

10.82

0.76

Southwest China

Sichuan

11.23

10.48

0.75

(All prices in RMB/kg)
RMB1=US$0.1562 (Jun 14)

 

 

Market analysis

 

Demand for pork strengthened prominently as China prepared for the celebration of the Dumpling Festival. Pork carcass prices surged 6.4% to RMB15.76/kg while supplies inched lower by 0.12% to 8,121 tonnes with the quantity of finishing hog limited.

 

Meanwhile, hog prices increased significantly by 7.8% amid robust demand. Over the past three weeks, hog prices have surged 13%.

 

 

Market forecast                                                  

 

Slaughterhouses are preparing for the Dumpling Festival market earlier than expected, hence resulting in the unexpected surge in hog prices. In the coming weeks, prices of hog are seen firm with supplies tight. However, buyers will turn cautious due to the sharp rise in prices over the past few 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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