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Swine


June 29, 2018

 

China Live Hog Weekly: Supply dwindles, lends support to market (week ended Jun 25, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices moved higher.

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

11.34

11.32

0.02

Henan

11.37

11.51

-0.14

East China

Shandong

11.48

11.53

-0.05

Jiangsu

11.31

11.19

0.12

Central China

Hunan

11.22

11.04

0.18

South China

Guangxi

11.41

11.25

0.16

Guangdong

11.76

11.49

0.27

Southwest China

Sichuan

11.29

10.95

0.34

(All prices in RMB/kg)
RMB1=US$0.1508 (Jun 29)

 

 

Market analysis

 

The quantity of finishing hog decreased amid dwindling inventories, dragging pork carcass volumes lower by 2.3% to 7,913 tonnes. Hence, even as demand was slow, prices of pork carcass rose by 0.43% to RMB16.20/kg.

 

Pork prices strengthened in most regions, lifting weekly average price by 0.99% to RMB11.29/kg.

 

 

Market forecast                                                  

 

Hog prices should consolidate higher at a gradual pace. Although pork demand is traditionally weak during summer, supplies of hog will be tight due to low population volume. Moreover, farmers who are suffering losses will be reluctant to lower prices further.

 


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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