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September 1, 2016
 

China Live Hog Weekly: Prices fall at a slower pace (week ended Aug 31, 2016)

 

An eFeedLink Exclusive

     
   

Price summary

 

Prices were mixed.

 

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

18.00

18.30

18.12

17.90

18.20

18.04

0.08

Henan

18.30

18.60

18.40

18.20

18.60

18.39

0.01

East China

Shandong

18.30

18.50

18.36

18.20

18.60

18.42

-0.06

Jiangsu

18.30

19.10

18.82

18.30

19.20

18.82

0.00

Central China

Hunan

18.60

19.40

18.98

18.70

19.60

19.06

-0.08

South China

Guangxi

19.00

19.50

19.16

19.00

19.60

19.24

-0.08

Guangdong

18.70

19.80

19.29

18.80

19.90

19.46

-0.17

Southwest China

Sichuan

19.00

19.30

19.16

19.20

19.30

19.25

-0.09

(All prices in RMB/kg)
RMB1=US$0.1497 (Sep 1)

        
Market analysis

 

Hog prices continued to fall in several regions as slaughterhouses limited purchases. Pork carcass volume inched higher by 0.15% to 7,954 tonnes over the week whereas prices slid 0.28% to RMB23.78/kg. Compared with the same period in 2015, pork demand was 2.45% lower.

 

On average, hog prices edged lower at a much slower pace of 0.27%, compared with previous week’s almost 1% fall.

  

  

Market forecast                                                          

 

Pork demand is expected to expand in the coming period. However, with slaughterhouses treading prudently, prices are still likely to consolidate lower in the coming week.

 

In the longer term, growing pork demand, in conjunction with tight availability, will support hog prices to move higher.
 
    
   
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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