February 14, 2017
China Live Hog Weekly: Pork sales tumble fail to slash hog prices (week ended Feb 10, 2017)
An eFeedLink Exclusive
Price summary
Prices stayed flat.
|
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 |
18.00 |
18.40 |
18.18 |
18.10 |
18.50 |
18.23 |
-0.05 |
|
Henan |
17.90 |
18.10 |
18.00 |
17.90 |
18.20 |
18.03 |
-0.03 | |
|
East China |
Shandong |
17.80 |
18.20 |
17.96 |
17.90 |
18.30 |
18.04 |
-0.08 |
|
Jiangsu |
17.80 |
18.50 |
18.16 |
18.00 |
18.40 |
18.28 |
-0.12 | |
|
Central China |
Hunan |
18.10 |
18.40 |
18.23 |
17.80 |
18.50 |
18.22 |
0.01 |
|
South China |
Guangxi |
17.50 |
18.20 |
17.77 |
17.50 |
18.30 |
17.74 |
0.03 |
|
Guangdong |
17.40 |
18.10 |
17.76 |
17.30 |
18.00 |
17.62 |
0.14 | |
|
Southwest China |
Sichuan |
17.70 |
18.80 |
18.34 |
17.80 |
18.60 |
18.22 |
0.12 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Demand for pork plummeted after the Chinese New Year holidays, curtailing the hog releases. Pork carcass volumes of major wholesale centres plunged to 4,816 tonnes, tremendously lower by 45% compared with the previous week.
Nonetheless, with the quantity of finishing hog limited, hog prices stood firm, inching lower a mere 0.01%. In regions where availability was tight, prices moved higher even amid weak demand.
Market forecast
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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