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October 13, 2011

 

China Live Hog Weekly: Prices slip further (week ended Oct 12, 2011)

 

An eFeedLink Exclusive
 

 

Price summary

 

Hog prices were mostly 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

18.40

19.10

18.80

18.70

19.10

19.92

-0.12

Henan

18.70

19.10

19.48

18.90

19.20

19.55

-0.07

East China

Shandong

18.30

18.90

18.64

18.40

11.10

18.70

-0.06

Jiangsu

18.50

19.60

18.94

18.70

19.50

19.13

-0.17

Central China

Hunan

19.20

19.60

10.38

19.50

19.90

19.65

-0.27

South China

Guangxi

19.80

20.50

19.52

19.90

20.60

19.84

-0.32

Guangdong

19.10

20.50

19.80

19.50

20.70

20.03

-0.23

Southwest China

Sichuan

20.40

20.70

20.66

20.40

20.70

20.58

+0.08

(All prices in RMB/kg)
RMB1= US$0.1568 (October 13)
                                                                                             

 
 

Market analysis

 

Hog prices faced downward pressure over the last two weeks, as pork consumption slowed while supply rose amid hog farmers' eagerness to sell to avoid stock accumulation over the holiday.

 

 

Market forecast
 

Hog prices are seen soft right after the holiday. However, with the scaling back of state frozen pork sales in October, China's hog market is expected to return to its tight fundamentals in the month ahead.

 


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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