China Live Hog Weekly: Price fall slows further (week ended Mar 1, 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 |
16.74 |
16.50 |
16.90 |
16.79 |
-0.05 |
|
Henan |
16.80 |
17.10 |
16.89 |
16.70 |
17.00 |
16.80 |
0.09 | |
|
East China |
Shandong |
16.90 |
17.00 |
16.95 |
16.90 |
17.10 |
16.98 |
-0.03 |
|
Jiangsu |
16.80 |
17.50 |
17.16 |
16.90 |
17.50 |
17.22 |
-0.06 | |
|
Central China |
Hunan |
17.10 |
17.30 |
17.25 |
17.20 |
17.60 |
17.45 |
-0.20 |
|
South China |
Guangxi |
16.90 |
17.30 |
17.04 |
16.90 |
17.70 |
17.17 |
-0.13 |
|
Guangdong |
16.60 |
17.60 |
17.10 |
16.80 |
17.70 |
17.28 |
-0.18 | |
|
Southwest China |
Sichuan |
18.00 |
18.10 |
18.08 |
17.80 |
18.30 |
18.06 |
0.02 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Sales of pork carcass continued to expand, rising 4.5% to 7,447 tonnes. However, with supplies higher than demand, prices of pork carcass slid almost 1% to RMB22.70/kg.
Despite falling another 0.41%, hog prices showed clear signs of stabilising as the magnitude of the price dip decreased consistently over the past several weeks.
Market forecast
Hog prices are projected to consolidate around current levels as demand for pork recovers while the availability of finishing hog remains tight. Prices should move higher towards late March when pork demand surges due to the approaching of the Qingming Festival.
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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