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December 29, 2016


China Live Hog Weekly: Hastened releases drag down prices (week ended Dec 29, 2016)


An eFeedLink Exclusive


 
Price summary


Prices moved lower.

 

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

17.60

17.25

17.10

17.70

17.38

-0.13

Henan

17.10

17.20

17.13

17.20

17.30

17.24

-0.11

East China

Shandong

17.10

17.20

17.15

17.10

17.30

17.21

-0.06

Jiangsu

17.00

17.80

17.40

17.20

17.80

17.55

-0.15

Central China

Hunan

17.20

17.50

17.35

17.40

17.70

17.57

-0.22

South China

Guangxi

16.80

17.50

17.08

16.60

17.80

17.14

-0.06

Guangdong

16.60

17.50

17.06

16.70

17.60

17.10

-0.04

Southwest China

Sichuan

18.00

18.40

18.20

18.30

18.60

18.42

-0.22

(All prices in RMB/kg)
RMB1=US$0.1438 (Dec 29)

 

 

Market analysis


Hog supplies increased considerably as farmers who were in need of cash with Chinese New Year approaching hastened releases. Prices dropped 0.70% on average.


Pork carcass volumes rose by 2.8% as a result, holding prices flat at RMB33.97/kg.

 


Market forecast
 

Demand for pork is set to stay strong with the weather temperatures falling by more than 10 degrees Celsius in some regions of northern China. With supplies diminished due to the recent high releases, hog prices should rebound entering January.
 
 


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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