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November 14, 2016

 

China Live Hog Weekly: Steady hog price climb (week ended Nov 10, 2016)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices rose further.

 

 

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

16.10

16.50

16.29

15.60

16.00

15.81

0.48

Henan

16.20

16.60

16.37

16.00

16.50

16.23

0.14

East China

Shandong

16.30

16.60

16.48

15.90

16.30

16.08

0.40

Jiangsu

15.90

17.30

16.88

16.20

16.90

16.58

0.30

Central China

Hunan

16.90

17.20

16.99

16.70

17.00

16.84

0.15

South China

Guangxi

16.30

17.00

16.60

16.20

17.00

16.56

0.04

Guangdong

16.30

17.50

16.92

16.20

17.30

16.74

0.18

Southwest China

Sichuan

17.30

17.70

17.49

17.20

17.30

17.25

0.24

(All prices in RMB/kg)
RMB1=US$0.1457 (Nov 14)
                                                                                            

 

 

Market analysis

 

Hog prices continued to rise after the recent week's rebound, climbing 1.5% on average.

 

Although hog releases increased, lifting pork carcass volumes by 2.5% to 8,498 tonnes over the week, prices remained firm with slaughterhouses increasing stockpiles. Nonetheless, it should be noted that the overall pork demand remained over 3% lower compared with the same period last year as prices have increased prominently over the years.

 

 

Market forecast                                                          

 

As the climate gets colder, pork consumption will increase, hence helping to strengthen the hog market. However, price hikes will be slow during November amid prudent mood. Entering December, we expected the hog market to gain momentum, registering greater price increments.

 


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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