July 18, 2016

 

China Live Hog Weekly: Market extends price falls at a slower pace (week ended Jul 14, 2016)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices moved lower.

 

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

18.40

18.90

18.62

18.50

18.80

18.73

-0.11

Henan

18.40

18.60

18.47

18.30

18.60

18.50

-0.03

East China

Shandong

18.40

18.70

18.54

18.50

18.90

18.72

-0.18

Jiangsu

18.50

19.60

18.85

18.70

19.70

19.21

-0.36

Central China

Hunan

18.50

19.70

18.99

19.30

20.30

19.78

-0.79

South China

Guangxi

19.40

20.10

19.54

19.90

20.50

20.11

-0.57

Guangdong

19.70

20.40

19.93

19.30

20.70

20.21

-0.28

Southwest China

Sichuan

18.50

19.50

19.05

19.30

20.30

19.78

-0.73

(All prices in RMB/kg)
RMB1=US$0.1494 (Jul 18)

  
 

Market analysis

 

Prices of hog continued to fall over the week but showed signs of stabilising, as slaughterhouses increased stockpiles with the costs of hog substantially lower. On average, hog prices slid 1.8%, substantially lower than the fall of more than 4% during the previous week.

 

Pork carcass volumes increased 1.64% to 7,794 tonnes in the major wholesale centres of China, whereas prices were softer by 1.4%, averaging RMB24.45/kg.

  

Market forecast                                                          

  

Slow pork consumption during summer will continue to limit the upward scope of the hog market. However, with the quantity of finishing hog low and slaughterhouses accumulating stocks in preparation for the August and September market, price falls are expected to slow further.


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:
 
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