January 22, 2024

China Hog: Market weakens amid increased availability (week ended Jan 15, 2024)

An eFeedLink Exclusive

Hog releases increased, whereas slaughterhouses continued to stay cautious with pork sales slow, hence exerting pressure on the hog market. Falling for four consecutive weeks, hog prices have decreased 6%.

Compared with a week ago, pork slaughter volume inched lower by 0.18% to 10,636 tonnes while pork carcass prices slid 1.10% to RMB20.07/kg.

On average, hog prices dropped 4.2% to RMB13.78/kg, from RMB14.39/kg over the past week. Compared with a year ago, prices were lower by 7%.

With supplies ample amid cautious demand, hog prices are set to move lower.

Full version of the report will be available at: https://spoutinfo.com/market-forecast-detail/30/32/281/5147      
    

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 entire 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/

All rights reserved. No part of the report may be reproduced without permission from eFeedLink.