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December 21, 2011

 

China Live Hog Weekly: Prices perk up nationwide (week ended Dec 21, 2011)

 

An eFeedLink Exclusive
 

 

Price summary

 

Hog prices were mostly higher.

 
 

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

16.90

17.40

17.14

16.50

17.20

16.78

0.36

Henan

16.80

17.10

16.98

16.50

16.80

16.68

0.30

East China

Shandong

16.50

17.10

16.82

16.10

16.70

16.54

0.28

Jiangsu

16.20

17.30

16.66

16.00

17.10

16.38

0.28

Central China

Hunan

16.90

17.90

17.28

16.30

17.10

16.78

0.50

South China

Guangxi

17.00

17.90

17.48

16.20

17.40

16.79

0.69

Guangdong

16.30

17.70

17.15

15.80

16.30

16.05

1.10

Southwest China

Sichuan

18.00

18.20

18.12

17.90

18.70

18.30

-0.18

(All prices in RMB/kg)
RMB1=US$0.1578 (Dec 21)
                                                                                            


  

Market analysis


Weekly pork sales jumped 6.99% to 10,363 tonnes, as southern food processors ramped up cured meat production ahead of the Lunar New Year holiday, while rapidly falling temperatures bolstered pork consumption in the north. 

 

Excluding Sichuan province, hog prices gained strongly across regions as dwindling hog releases failed to keep up with rising pork demand.

 
 

Market forecast
 

In the week ahead, tightening hog supplies and growing demand for pork should continue to underpin hog 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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