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Weekly Hog Price and Breeding Margins in China (Week 53, 2020)

2021-01-04 www.cofeed.com

I. Hog Price

 

This week (Dec 28-31), hog price in China extends its rally. And the average price index nationwide is 36.09 CNY/kg, an increase of 1.52 CNY/kg or 4.40% versus 34.57 CNY/kg in the previous week, and a rise of 2.07 CNY/kg or 6.10% compared to 34.02 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 2128.77 CNY per head nationwide, up 69.64 CNY or 3.40% from 2059.13 CNY last Friday and up 916.16 CNY or 75.60% from 1212.61 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 53

2.609

3.373

3.07

13.64

11.57

2128.77

Week 52

2.559

3.231

2.98

13.31

11.43

2059.13

M-o-M±

0.05

0.142

0.09

0.33

0.14

69.64

M-o-M%

2.0%

4.39%

3.0%

2.5%

1.2%

3.4%

Y-o-Y

1.824

2.778

2.47

18.37

13.56

1212.61

Y-o-Y±

0.785

0.595

0.6

-4.73

-1.99

916.16

Y-o-Y%

43.0%

21.4%

24.3%

-25.7%

-14.7%

75.6%

 

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