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November 18, 2016

 

China Live Hog Weekly: Price hike slows amid cautious mood (week ended Nov 17, 2016)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices moved higher.

 

 

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

16.70

16.51

16.10

16.50

16.29

0.22

Henan

16.40

16.60

16.50

16.20

16.60

16.37

0.13

East China

Shandong

16.40

16.80

16.68

16.30

16.60

16.48

0.20

Jiangsu

16.50

17.40

17.00

15.90

17.30

16.88

0.12

Central China

Hunan

16.80

17.30

16.99

16.90

17.20

16.99

0.00

South China

Guangxi

16.40

16.90

16.65

16.30

17.00

16.60

0.05

Guangdong

16.10

17.40

16.77

16.30

17.50

16.92

-0.15

Southwest China

Sichuan

17.60

17.70

17.67

17.30

17.70

17.49

0.18

(All prices in RMB/kg)
RMB1=US$0.1454 (Nov 18)
                                                                                            

 

 

Market analysis

 

Demand for hog was flat of late as slaughterhouses limited purchases after storing ample inventories. Slaughtering volumes at major cities totalled 8,716 tonnes, inching up 0.10% from the previous week's 8,707 tonnes, while pork carcass prices increased 0.45% to RMB22.40/kg.

 

Even as demand did not increase, prices of hog continued to rise, albeit at a slower pace of 0.55%. Over the past three weeks, hog prices have gained 4%.

 

 

Market forecast                                                          

 

Cautious mood will slow down the price rise of hog in China. However, with supplies of finishing hog limited and winter pork demand set to strengthen, prices should increase at a steady 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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