China Live Hog Weekly: Prices show signs of stabilising (week ended Feb 23, 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 |
16.50 |
16.90 |
16.79 |
16.80 |
17.20 |
16.98 |
-0.19 |
|
Henan |
16.70 |
17.00 |
16.80 |
16.60 |
17.00 |
16.80 |
0.00 | |
|
East China |
Shandong |
16.90 |
17.10 |
16.98 |
16.60 |
16.90 |
16.78 |
0.20 |
|
Jiangsu |
16.90 |
17.50 |
17.22 |
17.30 |
18.20 |
17.73 |
-0.51 | |
|
Central China |
Hunan |
17.20 |
17.60 |
17.45 |
17.30 |
17.90 |
17.66 |
-0.21 |
|
South China |
Guangxi |
16.90 |
17.70 |
17.17 |
17.20 |
17.70 |
17.40 |
-0.23 |
|
Guangdong |
16.80 |
17.70 |
17.28 |
17.00 |
18.00 |
17.53 |
-0.25 | |
|
Southwest China |
Sichuan |
17.80 |
18.30 |
18.06 |
17.30 |
18.40 |
17.97 |
0.09 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Compared with the sharp fall of over 3% in the previous week, hog prices dropped at a much slower rate of 0.78% over the past week. Over the past two months, hog prices have weakened by 6%.
Meanwhile, total pork carcass volumes increased 2.66% to 7,129 tonnes as pork consumption recovered from post-Chinese New Year lows. However, prices slid 2% to RMB22.89/kg with supply exceeding demand.
Market forecast
This year's pork demand is weaker than expected due to China's sluggish economy. However, despite flat demand, hog prices should stabilise gradually in the coming period with hog inventories limited.
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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