April 5, 2024

China Hog: Prices surge 9% in five weeks (week ended Apr 1, 2024)

An eFeedLink Exclusive

 

Tightened hog supplies continued to push up prices, prompting farmers to withhold releases. Demand remained stable as slaughterhouses increased stockpiles in preparation for the upcoming Qingming Festival market.

 

Over the past  five weeks, hog prices have surged 9% accumulatively.

 

Compared with a week ago, pork slaughter volume expanded 1.2% to 8,741 tonnes while pork carcass prices rose by 1.2% to RMB20.45/kg.

 

On average, hog prices increased 1.3% to

RMB15.40/kg, from RMB15.21/kg over the past week. Compared with a year ago, prices were higher by 2%.

 

Limited supply is poised to lend support to hog market.

Full version of the report will be available at: https://spoutinfo.com/market-forecast-detail/30/32/281/5218 

   

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 entire 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/

 

All rights reserved. No part of the report may be reproduced without permission from eFeedLink.