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December 7, 2011

 

China Live Hog Weekly: Northern prices stabilise; southern prices dip further (week ended Dec 7, 2011)

 

An eFeedLink Exclusive
 

 

Price summary

 

Hog prices were mostly lower.

                                         

 

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

16.20

17.10

16.77

16.40

17.10

16.83

-0.06

Henan

16.30

16.40

16.34

16.30

16.50

16.37

-0.03

East China

Shandong

16.30

16.70

16.55

16.00

16.70

16.55

0.00

Jiangsu

16.20

17.30

16.59

16.30

17.30

16.79

-0.20

Central China

Hunan

16.40

17.10

16.81

16.50

17.10

16.85

-0.04

South China

Guangxi

15.70

17.40

16.68

16.30

17.40

16.99

-0.31

Guangdong

15.50

16.50

15.84

15.90

17.40

16.60

-0.76

Southwest China

Sichuan

17.50

17.90

17.62

17.50

17.90

17.59

+0.03

(All prices in Rmember B/kg)
RMB1= US$0.1574 (Dec 7)
                                                                                             


 
Market analysis

 

Weekly pork sales retreated 0.95% to 9,528 tonnes over the week, mostly hampered by lacklustre demand in the southern regions, where the traditional winter meat curing season had yet to kick in due to slower temperature changes this year.

 

This led to continuous hog price falls in southern provinces of Guangdong and Guangxi. Meanwhile, the colder northern regions saw hog prices slowly stabilising on rising pork consumption and fewer hog releases.

 

 

Market forecast
 

With the availability of hogs for releases tight and demand for pork poised to grow, hog prices are expected to come out of negative territory in the near term.

 


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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