Today is 05/02/2024
I. Hog Price
This week (October 12th-Oct 16th), hog price in China extends the decline. And the average price index nationwide is 29.77 CNY/kg, a decrease of 1.93 CNY/kg or 6.10% versus 31.70 CNY/kg in the previous week, and a decline of 5.91 CNY/kg or 16.60% compared with 35.68 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 1030.82 CNY per head nationwide, down by 153.67 CNY or 13.00% from 1184.49 CNY last Friday and down by 562.84 CNY or 35.30% from 1593.66 CNY a year earlier.
Table: Feedstuff Price and Breeding Margins (Unit: CNY/kg, CNY/Hog)
|
Time |
Corn (CNY/kg) |
Soybean Meal (CNY/kg) |
Compound Feed (CNY/kg) |
Hog |
Hog |
Margins (CNY/head) |
|
Week 42 |
2.276 |
3.052 |
2.76 |
14.36 |
11.85 |
1305.44 |
|
week 41 |
2.263 |
3.031 |
2.74 |
14.31 |
11.81 |
1200.08 |
|
M-o-M± |
0.013 |
0.021 |
0.02 |
0.05 |
0.04 |
105.36 |
|
M-o-M% |
0.60% |
0.69% |
0.70% |
0.30% |
0.30% |
8.80% |
|
Y-o-Y |
1.834 |
2.96 |
2.47 |
15.71 |
11.68 |
1018.61 |
|
Y-o-Y± |
0.442 |
0.092 |
0.29 |
-1.35 |
0.17 |
286.83 |
|
Y-o-Y% |
24.10% |
3.10% |
11.70% |
-8.60% |
1.50% |
28.20% |
Fig. : Hog Margins of Owned Piglet in China in 2020