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June 22, 2018

 

China Live Hog Weekly: Pre-festive buying, tight availability lift prices (week ended Jun 15, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices were mostly higher.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

11.17

11.15

0.02

Henan

11.36

11.02

0.34

East China

Shandong

11.38

11.09

0.29

Jiangsu

11.04

11.07

-0.03

Central China

Hunan

10.89

10.86

0.03

South China

Guangxi

11.10

11.06

0.04

Guangdong

11.34

11.14

0.20

Southwest China

Sichuan

10.80

10.89

-0.09

(All prices in RMB/kg)
RMB1=US$0.1538 (Jun 22)

 

 

Market analysis

 

Pre-Dumpling Festival pork demand remained firm, supporting pork carcass sales to expand 0.95% to 8,100 tonnes. Pork carcass prices strengthened by 0.44% to RMB16.13/kg.

 

Despite high demand and tight availability hog prices increased only modestly by 1.2%, as slaughterhouses were reluctant to stockpile high inventories.

 

 

Market forecast                                                  

 

Post-festive pork demand is set to weaken, exerting pressure on the hog market. Nonetheless, with the quantity of finishing hog limited, price fall should be moderate.

 


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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