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Livestock & Feed Market


November 28, 2018

 

China Live Hog Weekly: Prices rebound despite cross-province trade ban (week ended Nov 13, 2018)

 

An eFeedLink Exclusive

 
 

Price summary

 

Prices were mostly higher.

 

 

Region

Province

Average price
this week

Average price
last week

Price change

North China

Hebei

12.70

12.54

0.16

Henan

12.39

12.30

0.09

East China

Shandong

13.52

13.46

0.06

Jiangsu

14.52

14.52

0.00

Central China

Hunan

13.73

13.45

0.28

South China

Guangxi

14.36

14.12

0.24

Guangdong

16.93

16.99

-0.06

Southwest China

Sichuan

17.09

16.72

0.37

(All prices in RMB/kg)
RMB1=US$0.1438 (Nov 28)

 


Market analysis


Despite the ban on cross-province trade, which resulted in 2% price falls in a matter of three weeks, hog prices rebounded during the period in review by 1%.

 

As supplies of hog shrank, pork carcass volumes in major wholesale centres dropped 0.42% to 8,257 tonnes compared with the previous week. Prices increased 0.74% amid tightening availability to RMB19/kg.

 
 

Market forecast

 

Pork demand is unlikely to be strong as consumers are wary of the rampant African swine fever outbreak. Nonetheless, with hog inventories limited and mortality rates high, tight supplies of hog will prevent prices from plunging.
 


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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