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September 21, 2016
 
China Live Hog Weekly: Sluggish pre-festive demand drag down prices (week ended Sep 14, 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

17.70

17.90

17.78

17.90

18.10

18.00

-0.22

Henan

17.90

18.20

18.06

18.20

18.70

18.35

-0.29

East China

Shandong

17.70

18.00

17.83

18.10

18.20

18.15

-0.32

Jiangsu

18.10

18.90

18.46

18.50

19.10

18.81

-0.35

Central China

Hunan

18.60

19.40

18.92

18.90

19.60

19.13

-0.21

South China

Guangxi

18.60

19.40

18.92

19.10

19.30

19.18

-0.26

Guangdong

18.60

19.90

19.27

19.20

20.40

19.72

-0.45

Southwest China

Sichuan

19.00

19.30

19.13

19.30

19.50

19.37

-0.24

(All prices in RMB/kg)
RMB1=US$0.1499 (Sep 21)
                                                                                            

 
 
Market analysis
 
Hog releases increased prominently prior to the Mid-Autumn Festival holidays, with pork carcass volumes increased almost 4% to 8,538 tonnes. Hence, despite stable demand, hog prices slid 1.6% even though pork carcass prices inched up 0.19% to RMB23.79/kg.
 
 
Market forecast                                                          
 
Festive pork demand is substantially poorer than anticipated mainly due to Chinas sluggish economy. Even with pork sales set to improve after Mid-Autumn Festival holidays, the upward potential of the market will be limited.
 


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