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Market Reports


July 27, 2018


China Live Hog Weekly: Low availability keeps prices firm (week ended Jul 20, 2018)


An eFeedLink Exclusive

 


Price summary


Prices were mainly stable.

 

Region

Province

Average price
this week

Average price
last week

Price change

North China

Hebei

11.98

12.00

-0.02

Henan

12.32

12.29

0.03

East China

Shandong

12.43

12.38

0.05

Jiangsu

12.65

12.35

0.30

Central China

Hunan

12.25

12.28

-0.03

South China

Guangxi

12.39

12.29

0.10

Guangdong

12.54

12.65

-0.11

Southwest China

Sichuan

12.26

12.08

0.18

(All prices in RMB/kg)
RMB1=US$0.1471 (Jul 27)

 

 

Market analysis


Hog releases remained limited albeit increasing over the week. Pork carcass volume inched up 0.81% from 7,674 tonnes to 7,736 tonnes, lifting prices by 2.77% to RMB17.08/kg amid tight availability.


Although hog markets were mostly firm, cautious mood put a lid on prices in most regions. On average, prices increased at a much slower pace of 0.51% compared with the previous week's 7.6%.

 


Market forecast
 

Hog demand will be slow during summer in China. However, with the quantity of finishing hog diminishing, prices are expected to stay firm in the coming period.


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.

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