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)
RMB1=US$0.1505 (Aug 5)
                                                                                            

 

 

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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