China Live Hog Weekly: Prices slide to 21-month low (week ended Mar 23, 2017)
An eFeedLink Exclusive
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 |
15.20 |
15.60 |
15.41 |
15.60 |
16.10 |
15.75 |
-0.34 |
|
Henan |
16.10 |
16.30 |
16.20 |
15.80 |
16.10 |
15.94 |
0.26 | |
|
East China |
Shandong |
15.30 |
15.40 |
15.38 |
15.90 |
16.00 |
15.91 |
-0.53 |
|
Jiangsu |
15.60 |
16.40 |
16.03 |
16.10 |
17.00 |
16.58 |
-0.55 | |
|
Central China |
Hunan |
16.10 |
16.30 |
16.19 |
16.40 |
17.00 |
16.70 |
-0.51 |
|
South China |
Guangxi |
15.70 |
16.40 |
16.12 |
16.20 |
16.70 |
16.44 |
-0.32 |
|
Guangdong |
15.90 |
17.00 |
16.36 |
16.10 |
17.10 |
16.58 |
-0.22 | |
|
Southwest China |
Sichuan |
16.90 |
17.10 |
16.99 |
17.30 |
17.50 |
17.38 |
-0.39 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Pork carcass prices slid 1% to RMB21.28/kg, as slaughterhouses withheld buying while pork demand remained sluggish. With supplies of hog stable, prices dipped 2.4% to levels unseen since mid-2015.
Market forecast
Pork demand should recover gradually with Qingming Festival approaching. Price falls are expected to slow as slaughterhouses restock inventories. However, the cautious mood of consumers and slaughterhouses will limit the upward scope of the hog market.
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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