China Live Hog Weekly: Prices consolidate amid supply surge (week ended Jan 19, 2017)
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Price summary
|
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 |
18.10 |
18.50 |
18.27 |
18.00 |
18.50 |
18.31 |
-0.04 |
|
Henan |
18.10 |
18.20 |
18.09 |
18.20 |
18.50 |
18.32 |
-0.23 | |
|
East China |
Shandong |
18.10 |
18.30 |
18.19 |
18.00 |
18.30 |
18.18 |
0.01 |
|
Jiangsu |
18.20 |
18.60 |
18.37 |
17.90 |
18.50 |
18.27 |
0.10 | |
|
Central China |
Hunan |
18.20 |
18.60 |
18.40 |
18.20 |
18.60 |
18.36 |
0.04 |
|
South China |
Guangxi |
17.60 |
18.70 |
18.14 |
17.60 |
18.40 |
18.02 |
0.12 |
|
Guangdong |
17.50 |
18.70 |
18.21 |
17.70 |
18.60 |
18.07 |
0.14 | |
|
Southwest China |
Sichuan |
18.60 |
18.90 |
18.66 |
18.70 |
19.00 |
18.84 |
-0.18 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Demand for pork remained firm as the preparation for the celebration of Chinese New Year entered its final stage. Nonetheless, prices of hog remained flat, inching down 0.03% to be exact, while hog releases surged over the week.
Overall pork carcass volumes rose sharply by 6.6% as a result, totalling 9,444 tonnes. With demand for pork robust, prices of pork carcass increased almost 1% to RMB23.54/kg despite the prominent supply rise.
Market forecast
Hog prices are expected to rise further after the previous week's consolidation. Strong pre-festive demand and tight availability of finishing hog will be the forces driving the price hike.
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: /eFLResearch
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