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October 31, 2016

China Live Hog Weekly: Slack demand drags down prices despite flat supply (week ended Oct 25, 2016)

An eFeedLink Exclusive
 

Price summary

Prices weakened of late.
 

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

15.20

15.50

15.34

15.30

15.90

15.52

-0.18

Henan

15.80

16.10

15.91

15.40

16.10

15.72

0.19

East China

Shandong

15.30

15.90

15.51

15.50

15.70

15.57

-0.06

Jiangsu

15.80

16.60

16.20

16.30

17.30

16.72

-0.52

Central China

Hunan

16.40

16.70

16.58

16.60

17.40

16.97

-0.39

South China

Guangxi

16.00

16.60

16.33

16.50

17.10

16.78

-0.45

Guangdong

16.10

17.10

16.71

16.40

17.30

16.87

-0.16

Southwest China

Sichuan

16.90

17.30

17.13

17.40

17.80

17.63

-0.50

(All prices in RMB/kg)
RMB1=US$0.1477 (Oct 31)

 

Market analysis

Despite lower hog availability, which cut pork carcass volumes by 0.06% to 8,297 tonnes, pork carcass prices slid 1.8% to RMB2242/kg amid poor demand. Chinese consumers were reluctant to spend after the October holidays, while the economy of China showed no signs of recovering.

On average, hog prices dipped 1.6% over the week.
 

Market forecast

Weak demand for pork will continue to hold down hog prices. However, price falls are expected to slow as hog farmers stand firm amid shrinking profitability.
 

 

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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