China Hog Market Weekly

CHINA - In this weeks China Hog Market Weekly, eFeedLink report that prices are mostly lower on reduced pork demand.
calendar icon 15 February 2006
clock icon 2 minute read
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Price summary

Except for Guangdong province, live hog prices in China moved lower during the week ending Feb 13 mainly due to the following:

  • Reduced pork demand after the Spring Festival holiday.
  • The steady release of live hogs into markets nationwide.
  • Cross province deliveries of hogs have generally stopped.

Market analysis

There were few cross province deliveries from Hebei, Henan, Shandong, Guangxi, Hunan, Hubei and Sichuan provinces during the holiday period. Snowing in northern China hindered hog deliveries to southern regions, while intra- and cross province sales were unfavourable. Consequently, hog prices in those regions fell. However, hog prices fell by a slightly smaller extent in the provinces of Hunan, Hubei and Guangxi compared with other regions.

Hog prices in Guangdong province were relatively stable, partly influenced by the isolated cases of bird flu in Hong Kong. Chicken imports into Hong Kong from inland regions fell, while pork exports and demand increased.

Market forecast

Live hog prices fell during the Spring Festival, contrary to expectations. With many workers returning to the city after the holiday, urban pork consumption is expected to pick up in the near term. Although cross province hog deliveries have not picked up yet, hog prices in China are expected to fall by a relatively smaller extent in the week ahead.

Source: eFeedLink - 15th February 2006

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