China Hog Market Weekly

CHINA - In this weeks China Hog Market Weekly, eFeedLink report that prices were mostly stable at the close of the week in review.
calendar icon 31 October 2006
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Price summary

Marginal price gains were registered in a few regions on tight local supplies.

Market analysis

More clenbuterol cases were discovered in major hog production regions including Hunan, Guangxi, Henan and Jiangsu, which affected pork demand and hence hog prices nationwide.

With current corn (a major raw material in hog production) prices at relatively high levels compared with the same period last year, hog farmers were keen to sell down their inventories quickly amid significant cost pressures.

Traders seized the opportunity afforded by the epidemic situation to engage in competitive pricing.

Market forecast

Despite the low inventory situation in some regions, prices failed to improve nationwide amid farmers' concerns that the epidemic situation might worsen again. In the absence of other major favourable market developments, prices should remain stable in early-November.

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