August 5, 2016
China Live Hog Weekly: Prices fail to sustain recent rebound (week ended Jul 28, 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 |
18.00 |
18.20 |
18.10 |
18.30 |
18.70 |
18.44 |
-0.34 |
|
Henan |
18.10 |
18.20 |
18.15 |
18.30 |
18.60 |
18.42 |
-0.27 | |
|
East China |
Shandong |
18.00 |
18.20 |
18.13 |
18.30 |
18.50 |
18.40 |
-0.27 |
|
Jiangsu |
18.10 |
18.80 |
18.52 |
18.40 |
19.50 |
18.79 |
-0.27 | |
|
Central China |
Hunan |
18.40 |
19.20 |
18.71 |
18.60 |
19.70 |
19.04 |
-0.33 |
|
South China |
Guangxi |
19.30 |
19.60 |
19.35 |
19.50 |
20.20 |
19.68 |
-0.33 |
|
Guangdong |
18.90 |
19.70 |
19.39 |
19.50 |
20.20 |
19.90 |
-0.51 | |
|
Southwest China |
Sichuan |
19.10 |
19.40 |
19.28 |
19.20 |
19.60 |
19.37 |
-0.09 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Demand for pork was exceptionally weak as consumers cut intake while prices were high. Although pork carcass volumes decreased 2.55% to 7,682 tonnes in major wholesale centres, prices dipped further by 0.41% to RMB24.05/kg.
Hog prices slid in tandem, losing 1.6% on average.
Market forecast
Sluggish demand for pork will continue to exert pressure on hog prices in China. However, sales should improve gradually towards middle of August as slaughterhouses increase stocks in preparation for the Mooncake Festival.
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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