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August 12, 2016

 

China Live Hog Weekly: Market shows signs of stabilising (week ended Aug 10, 2016)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices dipped further.
 

Region

Province

Lowest price this week

Highest price this week

Average price this week

Lowest price last week

Highest price last week

Average price last week

Changes

North China

Hebei

17.60

18.00

17.83

17.80

18.10

17.97

-0.14

Henan

17.90

18.10

17.99

17.70

18.10

17.93

0.06

East China

Shandong

17.80

18.20

18.00

17.90

18.10

17.98

0.02

Jiangsu

18.30

18.70

18.51

17.90

18.50

18.30

0.21

Central China

Hunan

18.20

18.90

18.56

18.30

19.00

18.59

-0.03

South China

Guangxi

18.50

19.00

18.82

18.90

19.40

19.06

-0.24

Guangdong

18.30

19.10

18.71

18.10

19.30

18.88

-0.17

Southwest China

Sichuan

18.90

19.20

19.06

19.00

19.30

19.14

-0.08

(All prices in RMB/kg)
RMB1=US$0.1505 (Aug 12)
                                                               

 


Market analysis

 

Prices of hog continued to fall but at prominently slower pace of 0.24% over the week, as markets strengthened in some regions.

 

Even though supplies of hog reduced, dragging pork carcass volumes down by 0.54% to 7,785 tonnes, demand for pork was weak being 1.4% below the same period a year ago. Pork carcass prices dropped 0.34% to RMB23.87/kg.

 
 

Market forecast                                                          

 

The slower drop in hog price is an indication that the end of the summer slide in near, and the market should stabilise in the coming weeks.

 

Pork demand is expected to pick up towards mid-August, as China prepares for the celebration of the Mid-Autumn Festival while the fall in weather temperatures result in growing appetite for protein meat.


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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