Weekly Hog Price and Breeding Margins in China (Week 22, 2020)
I.Hog Price
This week (May. 22-29), hog price keeps rising around the country. And the average hog price index is 29.47 CNY/kg nationwide, an increase of 0.68 CNY/kg or 8.40% from 28.79 CNY/kg last Friday and an increase of 14.14 CNY/kg or 92.20% from 15.33 CNY/kg the corresponding period last year.
Fig.: Hog Price Trend Weekly in China (2015-2020)
II. Breeding Margins
This week, the breeding margin of purchased piglet is 789.84 CNY per head nationwide, an increase of 110.97 CNY/head or 16.10% from 687.87 CNY last Friday; that increases by 843.42 CNY or 1715.30% from -44.58 a year earlier.
Table: Feedstuff Price and Breeding Margins (Unit: CNY/kg, Yuan/Hog)
Time
/Products
|
Corn
|
Soybean Meal
|
Compound Feed
|
Hog
/Corn
|
Hog
/Feed
|
Margins
|
Week 22
|
2.064
|
2.706
|
2.63
|
14.03
|
11
|
798.84
|
Week 21
|
2.058
|
2.671
|
2.62
|
13.74
|
10.77
|
687.87
|
M-o-M±
|
0.006
|
0.035
|
0.01
|
0.29
|
0.23
|
110.97
|
M-o-M%
|
0.30%
|
1.30%
|
0.40%
|
2.10%
|
2.10%
|
16.10%
|
Y-o-Y
|
1.949
|
2.883
|
2.53
|
7.69
|
5.88
|
-44.58
|
Y-o-Y±
|
0.115
|
-0.177
|
0.1
|
6.34
|
5.12
|
843.42
|
Y-o-Y%
|
5.90%
|
-6.10%
|
4.00%
|
82.40%
|
87.10%
|
1715.30%
|
Fig. : Hog Margins of Owned Piglet in China (2019-2020)