September 28, 2011

 

China Live Hog Weekly: Higher releases, state pork sales nudge prices down (week ended Sep 28, 2011)

 

An eFeedLink Exclusive
 

 

Price summary

 

Hog prices were mostly 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

19.00

19.70

19.36

19.10

19.70

19.42

-0.06

Henan

19.30

19.60

19.48

19.50

19.80

19.55

-0.07

East China

Shandong

18.50

19.10

18.94

18.50

19.10

18.86

+0.08

Jiangsu

19.10

19.90

19.55

18.90

20.10

19.53

+0.02

Central China

Hunan

19.60

20.50

20.10

20.10

20.70

20.60

-0.50

South China

Guangxi

19.80

20.50

20.23

19.90

20.60

20.29

-0.06

Guangdong

19.80

20.80

20.35

20.10

20.70

20.47

-0.12

Southwest China

Sichuan

20.70

20.90

20.86

20.50

20.70

20.65

+0.21

(All prices in RMB/kg)
RMB1= US$0.1565 (September 28)
                                                                                             

 


Market analysis

 

Weekly pork demand rebounded 7.22% to 8,399 tonnes amid colder autumn weather. Wholesale pork prices fell 0.20% to RMB26.02/kg over the week, snapping two months of increases.

 

Hog prices edged lower in most regions as farmers boosted releases ahead of the National Day holiday while local governments continued to hold pork reserve sales. Some meat processors increasingly switched to imported frozen pork, putting further pressure on the hog market.

 

 

Market forecast
 

In the short term, hog prices lack the support to move higher due to the ongoing releases of state and provincial pork stockpiles as well as rising pork imports in recent months to fill the domestic supply gap.

 


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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