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August 26, 2016

 

China Live Hog Weekly: Prices consolidate lower as slaughterhouses stay prudent (week ended Aug 24, 2016)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices moved lower.
 

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

17.90

18.20

18.04

18.10

18.30

18.22

-0.18

Henan

18.20

18.60

18.39

18.40

19.00

18.58

-0.19

East China

Shandong

18.20

18.60

18.42

18.50

18.70

18.58

-0.16

Jiangsu

18.30

19.20

18.82

18.60

19.20

18.99

-0.17

Central China

Hunan

18.70

19.60

19.06

18.80

19.80

19.11

-0.05

South China

Guangxi

19.00

19.60

19.24

19.20

19.70

19.47

-0.23

Guangdong

18.80

19.90

19.46

19.00

20.20

19.70

-0.24

Southwest China

Sichuan

19.20

19.30

19.25

19.30

19.50

19.40

-0.15

(All prices in RMB/kg)
RMB1=US$0.1500 (Aug 26)
                                                              

 

 

Market analysis

 

Supplies of finishing hog were stable, lifting pork carcass volumes slightly by 0.11% to 7,942 tonnes. However, as pork demand remained slow, slaughterhouses suppressed prices while limiting purchases. Pork carcass prices slid 0.25% to RMB23.85/kg, dragging hog prices down by 0.91%.

 

Pork demand improved over the week, lifting pork carcass volumes by 1.9% to 7,933 tonnes. Prices rose by 0.50% to RMB23.91/kg.

 
 

Market forecast                                                          

 

The recent price consolidation is within expectations and does not mean that there will be a reversal in the trend. With pork demand expanding in the coming weeks, prices of hog are poised to strengthen due to tight availability of finishing hog.

 

Should the government release insufficient pork reserves to satisfy growing pre-festive demand, hog prices are likely to climb to new highs this September.


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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