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November 18, 2008
 
China Live Hog Weekly: Backyard farmers reduce inventories (week ended Nov 18, 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
11.44
9.90
12.80
11.50
-0.06
Henan
9.55
12.90
11.62
9.68
13.00
11.75
-0.13
East China
Shandong
9.10
12.20
11.47
9.10
12.30
11.34
0.13
Jiangsu
9.50
12.50
11.71
9.60
12.60
11.75
-0.04
Mid China
Hunan
9.60
12.70
11.70
9.73
12.90
11.86
-0.16
South China
Guangxi
10.14
13.64
12.31
10.14
13.78
12.30
0.01
Guangdong
10.32
13.70
12.42
10.32
13.80
12.42
0.00
Southwest China
Sichuan
10.40
13.60
12.59
10.80
13.70
12.85
-0.26
 
 

Market analysis

 

Live hog prices were weaker in the northern parts of China. Southward, prices were relatively more stable as supplies of matured hogs diminished. However, market participants surveyed generally believed that prices were unlikely to recover despite decreasing supplies.

 

Meanwhile, profits of backyard farmers had diminished to near breakeven point.

Several farmers frantically released their inventories in anticipation that hog prices would slide further as both global and domestic economic situations worsened.

 
 

Market forecast
 

In the near term, hog prices are likely to remain weak.

 

RMB1= US$0.1465 (Nov 18)


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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