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November 11, 2008
 
China Live Hog Weekly: Prices weaken amid poor demand (week ended Nov 10, 2008)

 

An eFeedLink Exclusive

 

 

Price summary

 

Hog prices were lower in most regions.

 

 

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

9.70

12.60

11.32

9.90

12.80

11.50

-0.18

Henan

9.55

12.90

11.58

9.68

13.00

11.75

-0.17

East China

Shandong

9.10

12.20

11.33

9.10

12.30

11.34

-0.01

Jiangsu

9.50

12.50

11.67

9.60

12.60

11.75

-0.08

Mid China

Hunan

9.60

12.70

11.76

9.73

12.90

11.86

-0.10

South China

Guangxi

10.14

13.64

12.29

10.14

13.78

12.30

-0.01

Guangdong

10.32

13.70

12.43

10.32

13.80

12.42

0.01

Southwest China

Sichuan

10.40

13.60

12.66

10.80

13.70

12.85

-0.19

 

 

Market analysis

 

Live hog prices continued to decline in the northern provinces although hog supplies were decimated by high infection rates lately.

 

In southern China, hog prices in the Guangdong and Guangxi provinces were more stable. Both provinces had cut down on cross-province hog trading but Guangxi continued to imports pigs from Vietnam.

 

Meanwhile, hog prices in Sichuan fell further even as release volumes increased.

 
 

Market forecast
 

In the near term, hog prices are likely to remain weak and fluctuate within a narrow range.

 

RMB1= US$0.1465 (Nov 11)



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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