Hog prices stood at 23.41 yuan/kg this week, increasing 4.23% from last week

(1) On April 23rd, the factory price of carcass averaged 28.87 yuan/kg in 36 large and medium-sized cities, up 6.73% month-on-month. The wholesale price of pork was 38.96 yuan/kg, up 2.10% month-on-month. The retail price of pork averaged 41.22 yuan/kg, increasing by 1.00%from the previous month.
 
Hog prices are 23.41 yuan/kg in this week, increasing 4.23% from last week. The highest price was 26.00 yuan/kg in Hainan, while the lowest price was 21.89 yuan/kg in Heilongjiang.
 
The average weight of hogs for slaughtering is 136.14 kg/head in this week，down 0.13% from last week.
 
China’s pig prices mainly saw adjustments this week, presenting a slight growth over the previous week. At the moment, the supply of standard hogs (100-125kg) is tight, leading to the competition between slaughterhouses and farms who buy standard hogs for further fattening. The competition supported pig prices to some extent. However, there were more overweight hogs and the terminal pork consumption remained softened, which may restrain the growth of pig prices. The May Day holiday is coming next week, pork consumption is likely to rise gently. It’s expected that pig prices will slightly move up week on week.