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December 1, 2016

 

China Live Hog Weekly: Prices see momentary retreat (week ended Dec 1, 2016)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices softened 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

16.50

16.90

16.72

16.50

16.90

16.69

0.03

Henan

16.40

16.60

16.52

16.40

16.70

16.56

-0.04

East China

Shandong

16.70

16.90

16.79

16.60

16.80

16.71

0.08

Jiangsu

16.60

17.30

16.97

16.80

17.40

17.11

-0.14

Central China

Hunan

16.70

17.10

16.90

16.90

17.30

17.04

-0.14

South China

Guangxi

16.40

16.90

16.63

16.40

17.10

16.71

-0.08

Guangdong

16.20

17.10

16.64

16.20

17.30

16.74

-0.10

Southwest China

Sichuan

17.50

17.90

17.70

17.60

18.10

17.82

-0.12

(All prices in RMB/kg)
RMB1=US$0.1452 (Dec 1)

 

Market analysis

 

The quantity of finishing hog increased during the week in review, lifting pork carcass volumes in major wholesale centres to 8,723 tonnes, up by almost 1% from the previous week’s 8,643 tonnes. In Shanghai, pork carcass volume increased a whopping 5%.

 

With supplies increased while slaughterhouses stayed cautious, prices of hog inched lower 0.39%.

  

Market forecast                                                          

 

This week's retreat in prices is momentary and should not reverse the rising trend of hog price. With availability limited and winter pork demand firm hog prices are expected to strengthen in the coming weeks.
 


 


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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