Today is 04/19/2024
I. Hog Price
This week (Jun. 15-Jun. 19), hog price extends the rally in China. And the average hog price index is 34.68 CNY/kg nationwide, an increase of 2.34 CNY/kg or 7.20% from 32.34 CNY/kg last Friday and an increase of 17.52 CNY/kg or 102.10% from 17.16 CNY/kg in 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 1494.73 CNY per head nationwide, up 276.82 CNY/head or 22.70% from 1217.91 CNY last Friday; that increases by 1231.93 CNY or 2505.50% from 262.80 CNY in the previous year.
Table: Feedstuff Price and Breeding Margins (Unit: CNY/kg, Yuan/Hog)
|
Time |
Corn |
Soybean Meal |
Compound Feed |
Hog |
Hog |
Margins |
|
Week 25 |
2.113 |
2.676 |
2.68 |
16.17 |
12.77 |
1494.73 |
|
Week 24 |
2.084 |
2.689 |
2.66 |
15.27 |
11.96 |
1217.91 |
|
M-o-M± |
0.029 |
-0.013 |
0.02 |
0.9 |
0.81 |
276.82 |
|
M-o-M% |
1.40% |
-0.50% |
0.80% |
5.90% |
6.80% |
22.70% |
|
Y-o-Y |
1.936 |
2.96 |
2.53 |
8.89 |
6.79 |
262.8 |
|
Y-o-Y± |
0.177 |
-0.284 |
0.15 |
7.28 |
5.98 |
1231.93 |
|
Y-o-Y% |
9.10% |
-9.60% |
5.90% |
81.90% |
88.10% |
2505.50% |
Fig. : Hog Margins of Owned Piglet in China (2019-2020)