China Live Hog Weekly: Prices dip 9% after Chinese New Year (week ended Mar 16, 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 |
15.60 |
16.10 |
15.75 |
15.80 |
16.30 |
16.04 |
-0.29 |
|
Henan |
15.80 |
16.10 |
15.94 |
16.10 |
16.40 |
16.31 |
-0.37 | |
|
East China |
Shandong |
15.90 |
16.00 |
15.91 |
16.20 |
16.50 |
16.39 |
-0.48 |
|
Jiangsu |
16.10 |
17.00 |
16.58 |
16.50 |
17.30 |
16.93 |
-0.35 | |
|
Central China |
Hunan |
16.40 |
17.00 |
16.70 |
16.80 |
17.20 |
17.06 |
-0.36 |
|
South China |
Guangxi |
16.20 |
16.70 |
16.44 |
16.60 |
17.10 |
16.74 |
-0.30 |
|
Guangdong |
16.10 |
17.10 |
16.58 |
16.20 |
17.20 |
16.73 |
-0.15 | |
|
Southwest China |
Sichuan |
17.30 |
17.50 |
17.38 |
17.70 |
18.00 |
17.76 |
-0.38 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Supplies of hog increased, lifting pork carcass volumes by 1% to 7,601 tonnes, which was still substantially below pre-Chinese New Year levels due to slack pork demand. Prices dropped 1.4% to RMB22.24/kg as a result.
With availability abundant and buying interest weak, hog prices fell another 2% over the week. After the Chinese New Year holidays hog prices have dropped 9% accumulatively.
Market forecast
Lacklustre demand will continue to weigh on hog prices. However, with supplies of finishing hog limited and the Qingming Festival approaching, prices are expected to stabilise gradually.
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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