March 31, 2017
China Live Hog Weekly: Prices end six-week tumble (week ended Mar 30, 2017)
An eFeedLink Exclusive
Price summary
Prices were mostly higher.
|
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 |
15.70 |
16.00 |
15.79 |
15.20 |
15.60 |
15.41 |
0.38 |
|
Henan |
15.90 |
16.30 |
16.06 |
16.10 |
16.30 |
16.20 |
-0.14 | |
|
East China |
Shandong |
15.80 |
16.00 |
15.88 |
15.30 |
15.40 |
15.38 |
0.50 |
|
Jiangsu |
16.10 |
16.50 |
16.32 |
15.60 |
16.40 |
16.03 |
0.29 | |
|
Central China |
Hunan |
16.20 |
16.70 |
16.38 |
16.10 |
16.30 |
16.19 |
0.19 |
|
South China |
Guangxi |
15.70 |
16.50 |
16.20 |
15.70 |
16.40 |
16.12 |
0.08 |
|
Guangdong |
16.20 |
17.10 |
16.56 |
15.90 |
17.00 |
16.36 |
0.20 | |
|
Southwest China |
Sichuan |
16.60 |
17.00 |
16.85 |
16.90 |
17.10 |
16.99 |
-0.14 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Demand for pork remained flat as consumers limited buying, hence dragging carcass prices lower by over 1% to RMB21.04/kg.
However, with supplies of finishing hog tight, farmers stood firm on prices. Rising in most regions, hog prices strengthened by 1.5%, putting a stop to the six-week slide.
Market forecast
Pork demand should improve in the coming weeks due to tradition of offering prayers to ancestors during Qingming Festival. This should help to underpin the prices of hog together with tight availability.
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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