Weekly Hog Price and Breeding Margins in China（Week 32, 2019）
I.Hog Price
This week (Aug 5th-9th), hog prices nationwide further increase. As of this Friday, the average price index is 22.39 yuan/kg, an increase of 2.48 yuan/kg or 12.46% from 19.91 yuan/kg last Friday and an increase of 8.44 yuan/kg or 60.5% from 13.95 yuan/kg in the corresponding period last year.
Fig.: Hog Price Trend Weekly in China (2015-2019)
II. Breeding Margins
The average profit of per pig breeding is 802.7 yuan this week, up by 52.11% from 527.72 yuan last week and up by 380.08% from 635.5 yuan of the same period last year.
Table: Feedstuff Price and Breeding Margins (Unit: CNY/kg, Yuan/Hog)
Time
/Products
|
Corn
|
Soybean Meal
|
Compound Feed
|
Hog
/Corn
|
Hog
/Feed
|
Margins
|
This Week
|
1.929
|
2.87
|
2.49
|
11.34
|
8.8
|
802.7
|
Last Week
|
1.931
|
2.8
|
2.47
|
10.04
|
7.83
|
527.72
|
M-o-M±
|
-0.002
|
0.07
|
0.02
|
1.3
|
0.97
|
274.98
|
M-o-M%
|
-0.10%
|
2.50%
|
0.80%
|
12.90%
|
12.40%
|
52.10%
|
Y-o-Y
|
1.793
|
3.212
|
2.59
|
6.99
|
4.96
|
167.2
|
Y-o-Y±
|
0.136
|
-0.342
|
-0.1
|
4.35
|
3.84
|
635.5
|
Y-o-Y%
|
7.60%
|
-10.60%
|
-3.90%
|
62.20%
|
77.40%
|
380.10%
|
Fig.: Hog Margins Weekly in China (2018-2019)
