March 10, 2017
China Live Hog Weekly: Subdued demand, supply surge drag down prices (week ended Mar 9, 2017)
An eFeedLink Exclusive
Price summary
Prices dropped considerably.
|
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 |
15.80 |
16.30 |
16.04 |
16.50 |
16.90 |
16.74 |
-0.70 |
|
Henan |
16.10 |
16.40 |
16.31 |
16.80 |
17.10 |
16.89 |
-0.58 | |
|
East China |
Shandong |
16.20 |
16.50 |
16.39 |
16.90 |
17.00 |
16.95 |
-0.56 |
|
Jiangsu |
16.50 |
17.30 |
16.93 |
16.80 |
17.50 |
17.16 |
-0.23 | |
|
Central China |
Hunan |
16.80 |
17.20 |
17.06 |
17.10 |
17.30 |
17.25 |
-0.19 |
|
South China |
Guangxi |
16.60 |
17.10 |
16.74 |
16.90 |
17.30 |
17.04 |
-0.30 |
|
Guangdong |
16.20 |
17.20 |
16.73 |
16.60 |
17.60 |
17.10 |
-0.37 | |
|
Southwest China |
Sichuan |
17.70 |
18.00 |
17.76 |
18.00 |
18.10 |
18.08 |
-0.32 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Hog prices dropped by a substantial 2.4%, as supplies surged while farmers eagerly released inventories, pushing up pork carcass volumes by over 1%. Slaughterhouses, which have stocked some supplies lately, suppressed prices to RMB22.55/kg, down by 0.66%.
Market forecast
Hog prices should remain stable in the coming week as farmers have released excess stocks.
However, with hog population lower, prices are still 10% below the same period last year. This shows that the recovery of the hog market is weaker than expected due to China's bleak economy.
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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