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