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December 9, 2008
 
China Live Hog Weekly: Prices higher on tight supply and rising demand (week ended Dec 8 2008)

 

An eFeedLink Exclusive

 

 

Price summary

 

Hog prices were higher 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

10.30

13.30

12.70

10.30

13.30

12.12

0.58

Henan

10.00

13.40

12.70

10.00

13.40

12.08

0.62

East China

Shandong

9.60

12.71

12.60

9.60

12.71

11.97

0.63

Jiangsu

9.85

12.90

12.58

9.85

12.90

12.05

0.53

Mid China

Hunan

9.95

13.10

12.67

9.95

13.10

12.01

0.66

South China

Guangxi

10.30

13.80

12.81

10.30

13.80

12.42

0.39

Guangdong

10.65

13.98

13.07

10.65

13.98

12.76

0.31

Southwest China

Sichuan

11.40

14.60

14.17

11.40

14.60

13.38

0.79


 

Market analysis

 

Believing that hog prices were at their lowest levels, larger pork traders have stepped up buying activity.


However, hog farmers withheld releases amid tightness in supply of matured hogs. Consequently, hog prices rose significantly over the week.


Meanwhile, cross province trade dropped as price differences between provinces narrowed.

 

Market forecast
 

In the near term, hog prices in China are expected to rise while demand picks up amid tight supplies.

 

RMB1= US$0.1453 (Dec 9)


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


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

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