Hog prices were 17.31 yuan/kg in this week, increasing 8.87% from last week

By CnAgri 2019-06-26 11:18:35 Print Tel:861064402118-822 Email: chen.wang@boabc.com

Price: (English Version) (Chinese Version)


Brief Introduction:

Table of Contents:

(1) On June 21, 2019, the average wholesale price of pork carcass was 22.69 yuan/kg in 36 large and medium-sized cities in China, increasing 4.66% from last week. The wholesale price of pork on the market was 22.10 yuan/kg, increasing 4.20% from last week.
Hog prices are 17.31 yuan/kg in this week, increasing 8.87% from last week. The highest price was 20.00 yuan/kg in Tianjin, while the lowest price was 12.60 yuan/kg in Hainan.
The average weight of hogs for slaughtering is 120.18 kg/head in this week,up 0.04% from last week. 
National pig prices surged this week, especially in the North. Affected by the outbreaks of African swine fever in Guizhou, pig prices remained low in Sichuan, Hunan, and Hubei. It’s learned that rapid growth in pig prices in the North has led to a low purchase of hogs by slaughterhouses. On June 20, slaughterhouses in the Northeast started to demand a lower price. It’s predicted that pig prices will decline in the North and rise in Sichuan, Hunan, and Hubei in the short term. 
(2) During the past week, ratio between hog price and feed price was 9.05 and ratio between hog price and corn price was 5.75. The profit of each link of China’s Hog breeding industry in last week was as follows:
Breeding link: the gross profit of hogs from self-raising-piglet was 575.23 RMB/head, increased 156.71 RMB/head than last week; and gross profit of hogs from others-raising-piglet was 277.02 RMB/Head, increased 152.22 yuan/head than last week.
Slaughter link: the gross profit of slaughtering enterprises, the ones on slaughtering bought hogs but not as agents, was 40.03 RMB/Head, down 77.33 RMB/Head than last week.
Wholesale link of pork: the gross profit was -45.43 RMB/Head, down 9.24 RMB/Head than last week.
Retail link of pork: the gross profit was about 53.90 RMB/ Head, down 22.33 RMB/Head than last week.
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