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MARKET


October 20, 2017

 

China Live Hog Weekly: Prices tumble 5% in five weeks (week ended Oct 18, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices dipped further.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

13.86

13.92

-0.06

Henan

13.92

14.06

-0.14

East China

Shandong

13.96

14.10

-0.14

Jiangsu

14.37

14.41

-0.04

Central China

Hunan

14.25

14.44

-0.19

South China

Guangxi

14.26

14.46

-0.20

Guangdong

14.39

14.53

-0.14

Southwest China

Sichuan

14.79

14.94

-0.15

(All prices in RMB/kg)
RMB1=US$0.1509 (Oct 20)

 

 

Market analysis

 

Pork demand was sluggish, which is common during October and November, hence prompting slaughterhouses to hold back purchases. Even as hog availability was low, prices continued to fall by 0.92%. Over the past five weeks, hog prices have tumbled 4% accumulatively.

 

Meanwhile, pork carcass prices slid 1.2% to RMB19.84/kg over the week.

 

 

Market forecast                                                          

 

Hog market will continue to stay soft amid poor pork sales. However, with supplies of finishing hog tight, the downward scope of prices will be limited.

 


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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