Volume (tonnes)	Change compared with previous week  (%)	Price (RMB/kg)	Change compared with previous week  (%)
Week 29	8,509.00	-1.84	20.28	0.50
Week 30	8,586.00	0.90	20.53	1.23

 

Pork sales continued to fall after mid-July amid tight supplies of hog, reducing the weekly sales by 1.84% to 8,509 tonnes. In the following week, sales rebounded weakly by 0.90%. Hence, both the prices of hog and pork carcass rose steadily during July. Over the month, hog prices increased substantially by 4.6%.

 

In the broiler market, AA broiler prices were range bound on subdued demands and ample supplies. This affected day-old chick prices, which softened amid abundant supplies.

 

China breed broiler, which was short in supply, saw prices staying firm for most parts of the month. During month's end strong demand pushed up prices in southern parts of China, whereas soft AA broiler prices dragged down those of China breed species in the north.

 

 

 

In the feed market, jitters in CBOT soy market sent China's soymeal prices tumbling during the second half of July. In conjunction with flat demand and increasing soy imports from South America China's soymeal market weakened by almost 2%.

 

Prices of rapeseed meal and fishmeal were up as demand from the aquaculture industry gathered momentum. Fishmeal, which have dropped prominently in prices lately, stimulated buying interest as it was considerably cheaper than soymeal and rapeseed meal on a year-on-year comparison.

Meanwhile, corn prices moved higher, slowly but steadily, amid dwindling supplies and higher logistics cost under rainy weather.

 

 

Despite low pork consumption during mid-summer, limited supplies of finishing hogs and pork sellers' preparation for the demand surge before Mid-autumn Festival and October's long holidays will keep prices firm.
 
AA broiler prices are seen soft due to the backlog of unsold chicken products whereas China breed broiler markets should firm up with the availability of finishing broilers limited. 
 
The downtrend in CBOT soy will continue to weigh on the soymeal market in addition to ample supplies amid rising crushing volumes. Demands for rapeseed meal and fishmeal are poised to stay firm on growing aquaculture production gearing up for the forthcoming Mid-Autumn Festival.
 
With availability diminishing, China's corn prices are expected to increase further.
 

Guangdong Wen's Food Group is emerging from the shadow of the H7N9 crisis and regaining profits in its poultry business. As of July 24, sales of broilers for the Group hit 1,116,925, with an average price of RMB6.79/jin, according to the Group's chairman Wen Pengcheng.