Weekly Report W1 From Shanghai Joy-food

* : * : admin * : 2020-04-08 10:10:54 * : 0

Please check the brief report for China market from week 52-1 below.

Brief Condition in China Hog Market:

Supply ⭐⭐⭐⭐Stable Supply

Demand ⭐⭐⭐⭐Peak Season

Profit or Lose ⭐⭐⭐⭐Relatively High Profit

Feed ⭐⭐⭐⭐The demand of pig feed returns

Market in Recent Weeks

-In week 52-1, the China average hog price rose from 14.84RMB/KG to 14.88RMB/KG, increase by 0.27%, and 18.2% lower than the same period last year.

-Hog price is still increasing due to the approaching of CNY.

Market in This Week

-In this week, the hog price rose from 14.86RMB/KG to 14.9RMB/KG today, increased by 0.27%.

-In week 1, due to the heavy snow in the middle east of China, the transportation was affected, and the farmers are still reluctant to sell their pig to the slaughter factory. It is predictable that the hog price will keep increasing slightly every day in the following 5-7 days.

China Market conclusion

The market in China was active in the last two weeks, and for last week and this week, the market are stable.

Price stable and sells OK: Hind feet, Ears, Neck bone, Tongue

Price stable and sells slow: Front Hock, Spareribs, Whole Head

Price is not good: Tail bones, Humerus bones, Back bones, Sternum bones, Half Head

Stock Level:

High: Whole Head/ Half Head, Humerus Bones, Femur Bones, Front Hock

Low: Spareribs, Hind Feet

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