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November 10, 2011

 

China Live Hog Weekly: Prices resume drops over disease fears (week ended Nov 9, 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

16.40

17.10

16.83

17.10

17.80

17.53

-0.70

Henan

16.60

17.10

16.95

17.10

17.70

17.48

-0.47

East China

Shandong

16.20

17.20

16.80

17.00

17.80

17.55

-0.75

Jiangsu

16.50

17.60

17.16

17.00

18.30

17.75

-0.59

Central China

Hunan

16.90

18.20

17.57

17.80

18.50

18.14

-0.57

South China

Guangxi

17.00

17.70

17.39

17.50

18.10

17.76

-0.37

Guangdong

16.70

17.90

17.42

16.90

18.90

17.77

-0.35

Southwest China

Sichuan

18.40

18.70

18.58

18.90

19.10

18.98

-0.40

(All prices in RMB/kg)
RMB1= US$0.1574 (November 10)
                                                                                             


 
Market analysis

 

Pork demand continued to improve slightly with weekly pork sales up 0.68% to reach 8,934 tonnes. Massive liquidation of hogs by farmers in the midst of disease fears and price volatility continued to hammer the hog market. Over the week, prices in northern regions showed larger declines to align with prices in the south.

 

 

Market forecast
 

In the near term, hog prices may begin to stabilise amid dwindling hog herd as well as a pickup in pork consumption as the weather turns colder.

 


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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