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December 14, 2011


China Live Hog Weekly: Market shows signs of rebounding (week ended Dec 14, 2011)

 

An eFeedLink Exclusive
 

 

Price summary

 

Hog prices were mixed.

                                         

 

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

17.20

16.78

16.20

17.10

16.77

+0.01

Henan

16.50

16.80

16.68

16.30

16.40

16.34

+0.34

East China

Shandong

16.10

16.70

16.54

16.30

16.70

16.55

-0.01

Jiangsu

16.00

17.10

16.38

16.20

17.30

16.59

-0.21

Central China

Hunan

16.30

17.10

16.78

16.40

17.10

16.81

-0.03

South China

Guangxi

16.20

17.40

16.79

15.70

17.40

16.68

+0.11

Guangdong

15.80

16.30

16.05

15.50

16.50

15.84

+0.21

Southwest China

Sichuan

17.90

18.70

18.30

17.50

17.90

17.62

+0.68

(All prices in RMB/kg)
RMB1= US$0.1578 (Dec 14)
                                                                                             

 
 
Market analysis

 

Weekly wholesale pork consumption edged up 1.66% to 9,686 tonnes, as the meat curing season kick-started in the central and southern regions with Lunar New Year holiday just 1.5 months away. Hog prices thus rebounded in central and southern regions, reversing previous declines while northern prices stabilised.

 

 

Market forecast
 

Falling winter temperatures are likely to stimulate more consumption of pork in the coming week, strengthening hog demand amid a tight market.

 


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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