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December 16, 2008
 
China Live Hog Weekly: Market facing shortage of matured hogs (week ended Dec 15, 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

13.87

11.40

14.50

12.70

1.17

Henan

10.00

13.40

13.50

10.80

14.20

12.70

0.80

East China

Shandong

9.60

12.71

13.26

10.20

13.31

12.60

0.66

Jiangsu

9.85

12.90

13.65

10.45

13.79

12.58

1.07

Mid China

Hunan

9.95

13.10

14.13

10.95

14.60

12.67

1.46

South China

Guangxi

10.30

13.80

14.22

11.70

15.10

12.81

1.41

Guangdong

10.65

13.98

14.34

11.65

15.18

13.07

1.27

Southwest China

Sichuan

11.40

14.60

14.35

11.60

14.80

14.17

0.18

 

 

Market analysis

 

Hog prices increased at a greater rate over the week amid soaring demand. However, supplies of matured hogs were tight as farmers had released their inventories eagerly while they panicked over tumbling hog prices lately.

 

Consequently, hog prices in some regions such as Guangdong, Baoding and Jining softened in the past two days when undersized hogs were released to the market.

 

Market forecast
 

Pork prices were making slower gains than hog prices in the recent weeks. Therefore, the rally in hog prices may taper off in the near term as profit margins of swine raisers have diminished.

 

RMB1= US$0.1460 (Dec 16)
 


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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