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December 21, 2016


China Live Hog Weekly: Growing pork demand strengthens market steadily (week ended Dec 15, 2016)


An eFeedLink Exclusive

 


Price summary


Prices moved 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

17.00

17.70

17.25

16.80

17.30

16.67

0.33

Henan

16.90

17.20

17.03

16.50

16.80

16.68

0.35

East China

Shandong

16.90

17.10

16.98

16.80

16.90

16.83

0.15

Jiangsu

17.00

17.50

17.37

16.70

17.40

17.13

0.24

Central China

Hunan

17.00

17.50

17.25

16.90

17.30

17.02

0.23

South China

Guangxi

16.70

17.20

16.96

16.60

17.00

16.79

0.17

Guangdong

16.70

17.60

17.04

16.50

17.50

16.88

0.16

Southwest China

Sichuan

18.30

18.40

18.33

17.90

18.00

17.97

0.36

(All prices in RMB/kg)
RMB1=US$0.1439 (Dec 21)

 

 

Market analysis


Demand for pork increased as the production of cured meat expanded while producers prepared for January's pre-Chinese New Year market. Pork carcass volumes expanded 2.4% to reach 8,943 tonnes in the major wholesale centres, lifting prices by 0.35% to RMB22.83/kg.


Prices of hog continued to climb for the second week, up another 1.5% following the previous week’s 1% rise.

 


Market forecast 


Pork demand is set to grow steadily in the upcoming weeks with Chinese New Year approaching. This should push up prices together with tight supplies of finishing hog.


Nevertheless, with consumers and slaughterhouses staying cautious, price hikes are expected to be moderate.
 

 


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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