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November 4, 2008
 
China Live Hog Weekly: Prices slide as consumers shun meat products (week ended Nov 3, 2008)

 

An eFeedLink Exclusive

 

 

Price summary

 

Hog prices were lower in most regions.

 

Note: Sichuan, Hunan, Henan, Shandong, Hebei, Guangxi, Guangdong, Hubei and Jiangsu are the main hog production regions in China, accounting for 63 percent of the annual local production.
RMB1 = US$0.1462 (Nov 3)
 
 

Market analysis

 

Hog prices fell in China as consumers avoid meat products amid tainted eggs and dairy products scandals.

 
Price differences between the central and southern regions of China were insignificant, giving traders little incentive to engage in cross-province trade.

 
Hog traders in Sichuan continued to import hogs from provinces that were cheaper, putting pressure on the local hog prices.

 
In Hebei, hog release volume increased as farmers were worried about continual price weakness.

 

 

Market forecast
 

In the near term, hog prices are seen lower as consumers are likely to continue to stay away from meat products.

 

 
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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