Weekly Hog Price and Breeding Margins in China (Week 15, 2020)
I.Hog Price
This week (Apr. 3-10, 2020), hog price nationwide continues to decline. As of this Friday, the average price index is 34.00 yuan/kg, a decrease of 0.58 yuan/kg or 1.70% from 34.58 yuan/kg last Friday and an increase of 18.63 yuan/kg or 121.20% from 15.37 yuan/kg the same period last year.
Fig.: Hog Price Trend Weekly in China (2015-2020)
II. Breeding Margins
This week, nationwide average profit of per pig breeding is 1056.74 yuan, a decrease of 59.65 yuan from 1116.39 yuan last Friday; that up by 1050.95 yuan or 18151.10% from 5.79 yuan 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
|
1.946
|
3.198
|
2.67
|
17.21
|
12.5
|
1056.74
|
Last Week
|
1.93
|
3.171
|
2.67
|
17.65
|
12.75
|
1116.39
|
M-o-M±
|
0.016
|
0.027
|
0
|
-0.44
|
-0.25
|
-59.65
|
M-o-M%
|
0.80%
|
0.90%
|
0.00%
|
-2.50%
|
-2.00%
|
-5.30%
|
Y-o-Y
|
1.798
|
2.495
|
2.34
|
8.37
|
6.43
|
5.79
|
Y-o-Y±
|
0.148
|
0.703
|
0.33
|
8.84
|
6.07
|
1050.95
|
Y-o-Y%
|
8.20%
|
28.20%
|
14.10%
|
105.60%
|
94.40%
|
18151.10%
|
Fig. : Hog Margins of Owned Piglet in China (2019-2020)
