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FEED & LIVESTOCK MARKET


October 4, 2018

 

China Live Hog Weekly: Cross border trade restriction sinks prices in production regions (week ended Sep 21, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices were mixed.

 

 

Region

Province

Average price
this week

Average price
last week

Price change

North China

Hebei

13.38

13.26

0.12

Henan

11.83

13.14

-1.31

East China

Shandong

13.77

13.73

0.04

Jiangsu

14.32

14.73

-0.41

Central China

Hunan

14.47

14.25

0.22

South China

Guangxi

14.26

14.38

-0.12

Guangdong

15.03

15.08

-0.05

Southwest China

Sichuan

15.25

15.38

-0.13

(All prices in RMB/kg)
RMB1=US$0.1451 (Oct 4)

 

 

Market analysis

 

As the government restricted cross-border hog trade in a bid to contain the spreading of African swine disease, prices of hog dropped in the production provinces. Henan province, which exports most of its hog output, was prices plummet a whopping 13% over the past two weeks. Meanwhile, prices of hog in the consumption regions were mostly stable amid tightening availability.

 

On average, hog prices slid 1.4% over the past week. With supply of hog tight pork carcass volumes shrank by 1.79% to 7,895 tonnes, lifting prices by over 1% to RMB19.84/kg.

 

 

Market forecast                                                  

 

Pork prices are expected to surge amid insufficient pre-holiday hog supplies. Prices of hog are expected to be soft in the production regions due to excess releases but stay firm in the consumption regions.

 


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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