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Livestock & Feed Market


November 10, 2017

 

China Live Hog Weekly: Failure to gain momentum signals weak recovery (week ended Nov 9, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices were range bound.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

13.94

13.96

-0.02

Henan

13.94

14.00

-0.06

East China

Shandong

13.94

13.97

-0.03

Jiangsu

14.38

14.44

-0.06

Central China

Hunan

14.33

14.33

0.00

South China

Guangxi

14.27

14.23

0.04

Guangdong

14.35

14.39

-0.04

Southwest China

Sichuan

14.86

14.85

0.01

(All prices in RMB/kg)
RMB1=US$0.1507 (Nov 10)

 

 

Market analysis

 

Hog market failed to sustain the previous week's weak rise of 1%, as prices softened in several regions. Overall, prices inched lower by 0.14% even though supplies of finishing hog were limited. Pork demand was weak, dragging the prices of pork carcass down by 0.15% to RMB19.70/kg while slaughterhouses were prudent with purchases.

 

 

Market forecast                                                          

 

Hog market's in ability to gain momentum following previous week's rebound is a sign that the recovery is likely to be weak.

Hog sales are projected to remain slow as slaughterhouses will not be motivated to stockpile high inventories amid sluggish pork demand.

  

Prices are expected to recover at a slow pace.


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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