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November 7, 2016

China Live Hog Weekly: Market ends six-week slide (week ended Nov 3, 2016)
 
An eFeedLink Exclusive
     
 
Price summary
 
Prices moved higher.
 

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

15.6

16

15.81

15.2

15.5

15.34

0.47

Henan

16

16.5

16.23

15.8

16.1

15.91

0.32

East China

Shandong

15.9

16.3

16.08

15.3

15.9

15.51

0.57

Jiangsu

16.2

16.9

16.58

15.8

16.6

16.2

0.38

Central China

Hunan

16.7

17

16.84

16.4

16.7

16.58

0.26

South China

Guangxi

16.2

17

16.56

16

16.6

16.33

0.23

Guangdong

16.2

17.3

16.74

16.1

17.1

16.71

0.03

Southwest China

Sichuan

17.2

17.3

17.25

16.9

17.3

17.13

0.12

(All prices in RMB/kg)
RMB1=US$0.1476 (Nov 7)

 

Market analysis
 
Demand for pork strengthened in China ac the climates turned cold, prompting slaughterhouses to increase stocks. Pork carcass volumes reached 8,494 tonnes in major wholesale centres, higher by 2.2% on-week.
 
On the back of improved demand and tight availability hog prices rebounded 1.8%, ending the six-week slide, which sliced prices by 14%.
 

Market forecast                                                          
 
Hog prices are seen stable to higher in the coming period amid stable demand. Towards late December, when the sales of pork surge due to festive demand, hog prices should rise more prominently.
 
                       


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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