Weekly Report W3 From Shanghai Joy-food

* : * : admin * : 2020-04-08 10:12:31 * : 0

Brief Condition in China Hog Market:

Supply ⭐⭐⭐⭐Stable supply

Demand ⭐⭐⭐⭐Peak season

Profit or Loss of Farmers ⭐⭐⭐⭐Relatively high profit (This week at 452RMB/Head earned)

Feed ⭐⭐⭐⭐The demand of pig feed returns

Overall ⭐⭐⭐⭐Relatively low domestic hog supply support the hogs price to rise

Market in Recent Weeks

- As we predicted in last report, in week 1-3, the average hog price in China rose from 14.88RMB/KG to 15.19RMB/KG, increase by 2.1% due to the heavy snow in the middle east of China. And in week 3, the price dropped again to 15RMB/KG, with m-o-m growth rate of 0.54%, and y-o-y decrease rate of 17.8%, since the transportation returned to normal.

-The piglet price was at 30.5RMB/KG in week3, with m-o-m growth rate of 0.1%, and y-o-y decrease of 25%.

Market in This Week

-In this week, the hog price was fluctuating in the whole week but showed an downward trend which dropped from 15.14RMB/KG on last Friday to 15RMB/KG today, decreased by 0.92%.,

Other News

- The heavy snow caused pig digest system disease and caused high mortally of the piglets in middle east of China, so the hog supply in this June may be affected.

China Market Conclusion

In this week, the importing market in China were bad which all the products were selling in a slow pace.

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

Price high and sells slow: Meaty Riblets

Price decreasing but sells OK: Spareribs

Price decreasing and sells slow: Front Hock

Price is not good and sells slow: Tail bones, Femur bones, Humerus bones, Back bones, Whole Head, Half Head

Stock Level:

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

Low: Spareribs, Hind Feet, Meaty Riblets

previous item: Weekly Report W4 From Shanghai Joy-food next item: Weekly Report W1 From Shanghai Joy-food