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Market Reports


September 8, 2017

 

China Live Hog Weekly: Recovery of market remains unsteady (week ended Sep 6, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices consolidated 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

14.22

14.30

18.10

-0.08

14.22

14.30

-0.08

Henan

14.39

14.48

18.43

-0.09

14.39

14.48

-0.09

East China

Shandong

14.20

14.24

18.30

-0.04

14.20

14.24

-0.04

Jiangsu

14.79

14.96

18.87

-0.17

14.79

14.96

-0.17

Central China

Hunan

14.78

14.87

18.98

-0.09

14.78

14.87

-0.09

South China

Guangxi

14.85

14.87

19.17

-0.02

14.85

14.87

-0.02

Guangdong

14.98

15.17

19.46

-0.19

14.98

15.17

-0.19

Southwest China

Sichuan

15.17

15.18

19.21

-0.01

15.17

15.18

-0.01

(All prices in RMB/kg)
RMB1=US$0.1552 (Sep 8)

Market analysis

 

After the previous week's 1.4% rise, China's hog market consolidated lower, falling 0.58% on average. However, hog prices have gained 6% since rebounding from late July's low.

 

Although the availability of finishing hog remained limited due to low inventories, prices failed to continue rising during the period in review amid soft summer pork demand. Slaughterhouses withheld buying as the prices of pork carcass slid 0.24% to RMB20.39/kg.

 
 

Market forecast                                                          

 

The recovery of the hog market is expected to be unsteady even though prices will trend higher in the long run amid tight availability.

 

In the coming weeks, pork demand is poised to expand significantly with Mid-Autumn Festival and October's long holidays approaching. However, should pork imports remain high, prices of domestic hog are unlikely to surge strongly despite pre-festive buying.
 

 


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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