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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 |
|
|
|
10.30 |
13.30 |
13.87 |
11.40 |
14.50 |
12.70 |
1.17 |
|
|
10.00 |
13.40 |
13.50 |
10.80 |
14.20 |
12.70 |
0.80 | |
|
|
|
9.60 |
12.71 |
13.26 |
10.20 |
13.31 |
12.60 |
0.66 |
|
|
9.85 |
12.90 |
13.65 |
10.45 |
13.79 |
12.58 |
1.07 | |
|
Mid China |
|
9.95 |
13.10 |
14.13 |
10.95 |
14.60 |
12.67 |
1.46 |
|
|
Guangxi |
10.30 |
13.80 |
14.22 |
11.70 |
15.10 |
12.81 |
1.41 |
|
|
10.65 |
13.98 |
14.34 |
11.65 |
15.18 |
13.07 |
1.27 | |
|
|
|
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.
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.
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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