December 21, 2011
China Live Hog Weekly: Prices perk up nationwide (week ended Dec 21, 2011)
An eFeedLink Exclusive
Price summary
Hog prices were mostly higher.
|
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 |
16.90 |
17.40 |
17.14 |
16.50 |
17.20 |
16.78 |
0.36 |
|
Henan |
16.80 |
17.10 |
16.98 |
16.50 |
16.80 |
16.68 |
0.30 | |
|
East China |
Shandong |
16.50 |
17.10 |
16.82 |
16.10 |
16.70 |
16.54 |
0.28 |
|
Jiangsu |
16.20 |
17.30 |
16.66 |
16.00 |
17.10 |
16.38 |
0.28 | |
|
Central China |
Hunan |
16.90 |
17.90 |
17.28 |
16.30 |
17.10 |
16.78 |
0.50 |
|
South China |
Guangxi |
17.00 |
17.90 |
17.48 |
16.20 |
17.40 |
16.79 |
0.69 |
|
Guangdong |
16.30 |
17.70 |
17.15 |
15.80 |
16.30 |
16.05 |
1.10 | |
|
Southwest China |
Sichuan |
18.00 |
18.20 |
18.12 |
17.90 |
18.70 |
18.30 |
-0.18 |
|
(All prices in RMB/kg) | ||||||||
Market analysis
Weekly pork sales jumped 6.99% to 10,363 tonnes, as southern food processors ramped up cured meat production ahead of the Lunar New Year holiday, while rapidly falling temperatures bolstered pork consumption in the north.
Excluding Sichuan province, hog prices gained strongly across regions as dwindling hog releases failed to keep up with rising pork demand.
Market forecast
In the week ahead, tightening hog supplies and growing demand for pork should continue to underpin hog market.
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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