China Live Hog Weekly: Market shows signs of stabilising (week ended Aug 10, 2016)
An eFeedLink Exclusive
Price summary
|
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 |
17.60 |
18.00 |
17.83 |
17.80 |
18.10 |
17.97 |
-0.14 |
|
Henan |
17.90 |
18.10 |
17.99 |
17.70 |
18.10 |
17.93 |
0.06 | |
|
East China |
Shandong |
17.80 |
18.20 |
18.00 |
17.90 |
18.10 |
17.98 |
0.02 |
|
Jiangsu |
18.30 |
18.70 |
18.51 |
17.90 |
18.50 |
18.30 |
0.21 | |
|
Central China |
Hunan |
18.20 |
18.90 |
18.56 |
18.30 |
19.00 |
18.59 |
-0.03 |
|
South China |
Guangxi |
18.50 |
19.00 |
18.82 |
18.90 |
19.40 |
19.06 |
-0.24 |
|
Guangdong |
18.30 |
19.10 |
18.71 |
18.10 |
19.30 |
18.88 |
-0.17 | |
|
Southwest China |
Sichuan |
18.90 |
19.20 |
19.06 |
19.00 |
19.30 |
19.14 |
-0.08 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Prices of hog continued to fall but at prominently slower pace of 0.24% over the week, as markets strengthened in some regions.
Even though supplies of hog reduced, dragging pork carcass volumes down by 0.54% to 7,785 tonnes, demand for pork was weak being 1.4% below the same period a year ago. Pork carcass prices dropped 0.34% to RMB23.87/kg.
Market forecast
The slower drop in hog price is an indication that the end of the summer slide in near, and the market should stabilise in the coming weeks.
Pork demand is expected to pick up towards mid-August, as China prepares for the celebration of the Mid-Autumn Festival while the fall in weather temperatures result in growing appetite for protein meat.
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
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
