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MARKET


October 11, 2017

 

China Live Hog Weekly: Price fall slows but market stays weak (week ended Sep 30, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices remained soft.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

13.92

13.93

-0.01

Henan

14.06

14.12

-0.06

East China

Shandong

14.10

14.06

0.04

Jiangsu

14.41

14.46

-0.05

Central China

Hunan

14.44

14.39

0.05

South China

Guangxi

14.46

14.51

-0.05

Guangdong

14.53

14.50

0.03

Southwest China

Sichuan

14.94

14.96

-0.02

(All prices in RMB/kg)
RMB1=US$0.1520 (Oct 11)

 

 

Market analysis

 

Trade was light after the long holidays in early October. However, as transportation delays hampered hog deliveries during the festive season, tight availability limited price falls to a mere 0.06%.

 

Lack of pork carcass supported prices to rebound 0.65% to RMB20.10/kg.

 

 

Market forecast                                                          

 

Although hog prices showed signs of stabilising lately, prices are expected to be under pressure in the coming period. With pork demand traditionally weak during October and November, and deliveries of hog returning to normal, the market is less likely to recover in the near term.


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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