March 7, 2024
 

China Hog: Prices rebound from recent week's tumble (week ended Mar 4, 2024)

An efeedlink Exclusive

Hog releases expanded from post-Chinese New Year lows, but remained limited. As slaughterhouses built inventories, hog prices rebounded from the recent week's 10% tumble.

Compared with a week ago, pork slaughter volume increased 5.5% to 7,776 tonnes while pork carcass prices dipped 4.5% to RMB20.45/kg.

On average, hog prices increased 1.4% to RMB14.04/kg, from RMB13.84/kg over the past week. Compared with a year ago, prices were lower by 12%.

With pork demand staying soft, the upward scope of hog market will be limited as slaughterhouses tread prudently.

Full version of the report will be available at: https://spoutinfo.com/market-forecast-detail/30/32/281/5198

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