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November 4, 2011

 

China Live Hog Weekly: Market remains depressed; southern regions see steep fall (week ended Nov 2, 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

17.10

17.80

17.53

17.50

17.90

17.72

-0.19

Henan

17.10

17.70

17.48

17.40

18.00

17.77

-0.29

East China

Shandong

17.00

17.80

17.55

17.10

18.20

17.78

-0.23

Jiangsu

17.00

18.30

17.75

17.60

18.60

18.20

-0.45

Central China

Hunan

17.80

18.50

18.14

18.50

18.90

18.67

-0.53

South China

Guangxi

17.50

18.10

17.76

18.50

18.80

18.63

-0.87

Guangdong

16.90

18.90

17.77

18.10

19.80

18.71

-0.94

Southwest China

Sichuan

18.90

19.10

18.98

19.20

19.50

19.38

-0.40

(All prices in RMB/kg)
RMB1= US$0.1574 (November 4)
                                                                                             

 
 

Market analysis

 

Wholesale pork consumption rose a moderate 2.35% to 8,873 tonnes as pork prices dropped further over the week. Hog prices continued to push lower, with those in southern regions suffering larger declines due to rapid sell-offs of diseased hogs. 

 

 

Market forecast
 

Large-scale hog releases over disease concerns may continue into the coming week, casting a prolonged dark cloud over the hog market.

 


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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