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Swine


December 29, 2017

 

China Live Hog Weekly: Slower-than-expected pork demand holds down China hog prices (week ended Dec 28, 2017)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices consolidated lower.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

15.07

15.02

0.05

Henan

14.93

14.91

0.02

East China

Shandong

15.16

15.15

0.01

Jiangsu

15.36

15.42

-0.06

Central China

Hunan

15.14

15.21

-0.07

South China

Guangxi

14.89

14.98

-0.09

Guangdong

14.9

15.06

-0.16

Southwest China

Sichuan

15.53

15.6

-0.07

(All prices in RMB/kg)
RMB1=US$0.1529 (Dec 29)

 

 

Market analysis

 

Demand for pork remained stable in the north due to the cold climates. However, pre-festive sales in the southern parts of China were weaker than expected, prices consolidated lower. On average, pork prices dipped by 0.32% over the week even though pork carcass prices inched higher by 0.43%.

 

 

Market forecast                                                  

 

Hog market is projected to stay soft in the near term as slaughterhouses limit purchases. However, with the production of cured meat products high and hog supplies limited, prices are unlikely to fall drastically.

 


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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