Pork Weekly Report Week 14
* 来源: 幼儿园塑胶地板 * 作者: admin * 发表时间: 2020-03-20 11:39:00 * 浏览: 10
Brief Condition in China Domestic Hog Market:
Supply ⭐⭐⭐⭐Stable supply
Demand ⭐⭐ Peak season has passed but the demand raised a bit due to approaching of Qing Ming
Profit or Loss of Farmers ⭐ Lost (This week at round 140RMB/Head lost.)
Feed ⭐⭐⭐ The demand of pig feed decreases, and price also decreased a bit.(Now Corn at 1976RMB/Ton with y-o-y increase rate of 14.8%)
Overall ⭐ Lower hog price, low consumption, but high feed cost keep squeezing the profit of farmers
Market in Recent Weeks
- In recent weeks, the average hog price in China keep dropping from 10.94RMB/KG in week 11 to 10.1RMB/KG in week 13, and then rebound to 10.4RMB/KG in week 14, with m-o-m decrease rate of 7.97%, and y-o-y decrease rate of 35.68%.
-The consumption in China market increase slightly since the approaching of Qing Ming, mostly pork head and hock. But overall, the demand still cannot balance the huge supply, so the rise will not last long.
-The piglet price was at 22.42RMB/KG in week 14, with m-o-m increase rate of 6.7%, and y-o-y decrease of 42.3%.
Market in This Week
-In this week, the hog price rose slightly to 10.36RMB/KG today. After the period of Qing Ming, the price may drop beneath 10RMB/KG again.
China Market Conclusion
In the importing market, the market confidence has been boosted a bit due to the extra 25% tax that will be charged on the U.S. importing pork products.
Price increase slightly and sells good: Whole Head
Price increase slightly but sells no good: Front Hock, Hind feet
Price OK due to low stock: Ears, Knee bones, Hind feet short cuts, Neck Bones, Front Feet, Meaty Riblets
Price decreasing and sells slow: Half Head, Riblets, Spareribs
Price is really bad and no volume with huge stock: Tail bones, Humerus bones, Femur Bones, Back Bones
Products price increase due to 25% tax to US: Front Hock, Front Feet, Hind feet short cuts, Neck Bones, Whole Head
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