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October 26, 2011

 

China Live Hog Weekly: Prices see sharp declines (week ended Oct 26, 2011)

 

An eFeedLink Exclusive
 

 

Price summary

 

Hog prices were 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

17.50

17.90

17.72

18.10

18.70

18.34

-0.62

Henan

17.40

18.00

17.77

18.30

18.70

18.48

-0.71

East China

Shandong

17.10

18.20

17.78

17.90

18.60

18.26

-0.48

Jiangsu

17.60

18.60

18.20

17.90

19.10

18.64

-0.44

Central China

Hunan

18.50

18.90

18.67

19.10

19.50

19.24

-0.57

South China

Guangxi

18.50

18.80

18.63

19.30

19.60

19.39

-0.76

Guangdong

18.10

19.80

18.71

18.80

20.10

19.42

-0.71

Southwest China

Sichuan

19.20

19.50

19.38

20.30

20.70

20.42

-1.04

(All prices in RMB/kg)
RMB1= US$0.1572 (Oct 26)
                                                                                            

 

 

Market analysis


Weekly pork sales rose 3.62% to 8,660 tonnes amid falling pork prices. Panic selling of hogs by farmers due to diseases and weaker market outlook sent hog prices lower across regions, with Guangxi and Sichuan seeing the steepest declines.

 

Market forecast
 
Following several weeks of intensive releases, hog supply may trend on the short side in the coming period. Notwithstanding, immediate market recovery is unlikely as current pork demand is not particularly strong.

 


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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