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December 28, 2011

 

China Live Hog Weekly: Market extends gains; southern prices soften (week ended Dec 28, 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

17.50

18.00

17.66

16.90

17.40

17.14

0.52

Henan

16.80

17.10

17.15

16.80

17.10

16.98

0.17

East China

Shandong

16.70

17.10

17.10

16.50

17.10

16.82

0.28

Jiangsu

16.50

17.50

16.86

16.20

17.30

16.66

0.20

Central China

Hunan

17.10

17.70

17.45

16.90

17.90

17.28

0.17

South China

Guangxi

17.00

17.90

17.50

17.00

17.90

17.48

0.02

Guangdong

16.40

17.30

17.01

16.30

17.70

17.15

-0.14

Southwest China

Sichuan

18.20

18.60

18.36

18.00

18.20

18.12

0.24

(All prices in RMB/kg)
RMB1= US$0.1578 (Dec 28)
                                                                                             

 
 
Market analysis

 

Weekly pork consumption gained 5.67% to 10,951 tonnes, mostly driven by northern demand as cured meat production in the south was largely completed. With more hogs coming onto the market, this led to a decline in Guangdong's hog prices, while those of other regions continued to climb.

 

 

Market forecast
 

In the following week, pork demand is seen stronger in the colder northern and central regions relative to the south. Hence hog prices should continue to show regional disparities.

 


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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