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June 22, 2018

 

China Live Hog Weekly: Prudent mood softens market (week ended Jun 11, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices moved lower.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

11.15

11.38

-0.23

Henan

11.02

11.34

-0.32

East China

Shandong

11.09

11.42

-0.33

Jiangsu

11.07

11.38

-0.31

Central China

Hunan

10.86

11.08

-0.22

South China

Guangxi

11.06

11.40

-0.34

Guangdong

11.14

11.58

-0.44

Southwest China

Sichuan

10.89

11.23

-0.34

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

 

 

Market analysis

 

Cautious slaughterhouses, who had stocked some supplies, withheld buying after the recent week's price upsurge. Hog prices softened by 2.8% on average as a result.

 

Meanwhile, pork carcass sales decreased 1.2% to 8,024 tonnes amid weakened demand. However, prices increased 1.9% to RMB16.06/kg with supplies tight.

 

 

Market forecast                                                  

 

Pork demand will remain stable as the Dumpling Festival approaches. This, together with limited availability of hog, will help to hold up hog prices. However, prices are less likely to rise strongly with slaughterhouses treading prudently.

 


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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