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December 27, 2016

 

China Live Hog Weekly: Slow, steady rise in prices (week ended Dec 22, 2016)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices rose steadily.

 

 

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

17.10

17.70

17.38

17.00

17.70

17.25

0.13

Henan

17.20

17.30

17.24

16.90

17.20

17.03

0.21

East China

Shandong

17.10

17.30

17.21

16.90

17.10

16.98

0.23

Jiangsu

17.20

17.80

17.55

17.00

17.50

17.37

0.18

Central China

Hunan

17.40

17.70

17.57

17.00

17.50

17.25

0.32

South China

Guangxi

16.60

17.80

17.14

16.70

17.20

16.96

0.18

Guangdong

16.70

17.60

17.10

16.70

17.60

17.04

0.06

Southwest China

Sichuan

18.30

18.60

18.42

18.30

18.40

18.33

0.09

(All prices in RMB/kg)
RMB1=US$0.1439 (Dec 27)
                                                                                            

 
 

Market analysis

 

Increased production of cured meat and slaughterhouses' stock building lent support to the hog market. With supplies of hog sliding, weekly pork carcass volumes shrank 3.7% to 8,611 tonnes, lifting price by 0.61% to RMB22.97/kg.

 

Hog prices climbed steadily as a result, up by 1% compared with the previous week.

 

 

Market forecast                                                          

 

Hog market is poised to stay firm with pork demand expanding, albeit at a slow pace. Moreover, supplies of finishing hog are expected to be limited due to low piglet production for more than a year. Hog prices should rise at a slow but steady pace in the coming weeks.

 


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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