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November 29, 2016

 

China Live Hog Weekly: Market recovers steadily despite prudent buying (week ended Nov 24, 2016)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices rise modestly.
 
 

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

16.50

16.90

16.69

16.40

16.70

16.51

0.18

Henan

16.40

16.70

16.56

16.40

16.60

16.50

0.06

East China

Shandong

16.60

16.80

16.71

16.40

16.80

16.68

0.03

Jiangsu

16.80

17.40

17.11

16.50

17.40

17.00

0.11

Central China

Hunan

16.90

17.30

17.04

16.80

17.30

16.99

0.05

South China

Guangxi

16.40

17.10

16.71

16.40

16.90

16.65

0.06

Guangdong

16.20

17.30

16.74

16.10

17.40

16.77

-0.03

Southwest China

Sichuan

17.60

18.10

17.82

17.60

17.70

17.67

0.15

(All prices in RMB/kg)
RMB1=US$0.1448 (Nov 29)
                                                                                           

 


Market analysis

 

Supplies of hog were tight as production of piglet has remained low for the past two years, dragging down pork carcass volumes by 0.84% to 8,643 tonnes while prices increased 0.85%.

 

Nonetheless, as slaughterhouses limited purchases prudently, prices of hog were higher by less than 0.50%.

 
 

Market forecast                                                          

 

Hog prices are poised to climb higher, albeit at a cautious pace as buyers tread prudently. With supplies tight and demand growing, hog price hikes will pick up momentum entering December.


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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