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Weekly Hog Price and Breeding Margins in China (Week 51, 2020)

2020-12-21 www.cofeed.com

I. Hog Price

 

This week (Dec 14-18), hog price in China extends the rally nationwide. And the average price index nationwide is 34.12 CNY/kg, an increase of 1.30 CNY/kg or 4.00% versus 32.82 CNY/kg in the previous week, and a rise of 0.47 CNY/kg or 1.40% compared to 33.65 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 2011.88 CNY per head nationwide, up 117.54 CNY or 6.20% from 1894.34 CNY last Friday and up 843.28 CNY or 72.20% from 1168.60 CNY a year earlier.

 

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

 

Time
/Products

Corn (CNY/kg)

Soybean Meal (CNY/kg)

Compound Feed (CNY/kg)

Hog
/Corn

Hog
/Feed

Margins (CNY/head)

Week 51

2.534

3.510

2.93

13.26

11.48

2011.88

Week 50

2.552

3.030

2.91

12.66

11.1

1894.34

M-o-M±

-0.018

0.48

0.02

0.6

0.38

117.54

M-o-M%

-0.7%

15.84%

0.7%

4.7%

3.4%

6.2%

Y-o-Y

1.825

2.809

2.47

18.16

13.41

1168.6

Y-o-Y±

0.709

0.701

0.46

-4.9

-1.93

843.28

Y-o-Y%

38.8%

25.0%

18.6%

-27.0%

-14.4%

72.2%

 

Fig. : Hog Margins of Owned Piglet in China in 2020