July 22, 2016

 

China Live Hog Weekly: Rebounds in some regions keep average price stable (week ended Jul 21, 2016)

 

An eFeedLink Exclusive

     
 

Price summary

 

Prices were mixed.

 
 

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

18.30

18.70

18.44

18.40

18.90

18.62

-0.18

Henan

18.30

18.60

18.42

18.40

18.60

18.47

-0.05

East China

Shandong

18.30

18.50

18.40

18.40

18.70

18.54

-0.14

Jiangsu

18.40

19.50

18.79

18.50

19.60

18.85

-0.06

Central China

Hunan

18.60

19.70

19.04

18.50

19.70

18.99

0.05

South China

Guangxi

19.50

20.20

19.68

19.40

20.10

19.54

0.14

Guangdong

19.50

20.20

19.90

19.70

20.40

19.93

-0.03

Southwest China

Sichuan

19.20

19.60

19.37

18.50

19.50

19.05

0.32

(All prices in RMB/kg)
RMB1=US$0.1498 (Jul 22)
                                                               

 

Market analysis

 

Pork carcass prices continued to slide, falling 1.23% to RMB24.15/kg while volumes increased slightly more than 1% to 7,883 tonnes.

 

Prices of hog fell in most production regions amid ample availability. However, prices strengthened in regions where supplies were disrupted by floods. Offsetting the declines in other regions, this helped to hold the average price of hog stable at RMB19/kg.

 
 

Market forecast                                                          

 

Although summer demand for pork will continue to be slow, supplies of large hogs, which have mostly been released recently, are limited. Hog prices are expected to consolidate within the current range in the coming period.


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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