November 14, 2016
China Live Hog Weekly: Steady hog price climb (week ended Nov 10, 2016)
An eFeedLink Exclusive
Price summary
Prices rose further.
|
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 |
16.10 |
16.50 |
16.29 |
15.60 |
16.00 |
15.81 |
0.48 |
|
Henan |
16.20 |
16.60 |
16.37 |
16.00 |
16.50 |
16.23 |
0.14 | |
|
East China |
Shandong |
16.30 |
16.60 |
16.48 |
15.90 |
16.30 |
16.08 |
0.40 |
|
Jiangsu |
15.90 |
17.30 |
16.88 |
16.20 |
16.90 |
16.58 |
0.30 | |
|
Central China |
Hunan |
16.90 |
17.20 |
16.99 |
16.70 |
17.00 |
16.84 |
0.15 |
|
South China |
Guangxi |
16.30 |
17.00 |
16.60 |
16.20 |
17.00 |
16.56 |
0.04 |
|
Guangdong |
16.30 |
17.50 |
16.92 |
16.20 |
17.30 |
16.74 |
0.18 | |
|
Southwest China |
Sichuan |
17.30 |
17.70 |
17.49 |
17.20 |
17.30 |
17.25 |
0.24 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Hog prices continued to rise after the recent week's rebound, climbing 1.5% on average.
Although hog releases increased, lifting pork carcass volumes by 2.5% to 8,498 tonnes over the week, prices remained firm with slaughterhouses increasing stockpiles. Nonetheless, it should be noted that the overall pork demand remained over 3% lower compared with the same period last year as prices have increased prominently over the years.
Market forecast
As the climate gets colder, pork consumption will increase, hence helping to strengthen the hog market. However, price hikes will be slow during November amid prudent mood. Entering December, we expected the hog market to gain momentum, registering greater price increments.
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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