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Weekly Hog Price and Breeding Margins in China (Week 33, 2020)

2020-08-17 www.cofeed.com

I. Hog Price

 

This week (Aug 10-14), hog price in China continues the decline. The average price index of hog is 37.01 CNY/kg nationwide, down by 0.90 CNY/kg or 2.40% from 37.91 CNY/kg last week, up by 12.60 CNY/kg or 51.60% compared with 24.41 CNY/kg in the same period last year.

 

Fig. : Hog Price Trend Weekly in China (2015-2020)

 

II. Breeding Margins

 

This week, the breeding margin of purchased piglet is 1510.20 CNY per head nationwide, down by 64.02 CNY or 4.10% from last Friday and up by 503.15 CNY or 1023.30% from 1007.05 CNY a year earlier.

 

Table: Feedstuff Price and Breeding Margins (Unit: CNY/kg, Yuan/Hog)

Time
/Products

Corn (CNY/kg)

Soybean Meal (CNY/kg)

Compound Feed (CNY/kg)

Hog
/Corn

Hog
/Feed

Margins (CNY/head)

Week 33

2.273

2.886

2.77

16.06

13.15

1510.2

week 32

2.317

2.887

2.8

16.14

13.34

1574.22

M-o-M±

-0.044

-0.001

-0.03

-0.08

-0.19

-64.02

M-o-M%

-1.90%

-0.03%

-1.10%

-0.50%

-1.40%

-4.10%

Y-o-Y

1.929

2.863

2.48

12.38

9.62

1007.05

Y-o-Y±

0.344

0.023

0.29

3.68

3.53

503.15

Y-o-Y%

17.80%

0.80%

11.70%

29.70%

36.70%

1023.30%

Fig. : Hog Margins of Owned Piglet in China (2019-2020)