Today is 04/20/2024
I. Hog Price
This week (Jan 11-15), China’s hog price sees early declines but afterwards goes up, marginally higher than the previous week on the whole. And the average price index nationwide is 36.45 CNY/kg, an increase of 0.02 CNY/kg or 0.10% versus 36.43 CNY/kg last week, and a rise of 0.03 CNY/kg or 0.10% compared to 36.42 CNY/kg in the same period last year.
Fig. : Hog Price Trend Weekly in China (2016-2021)
II. Breeding Margins
This week, the breeding margin of purchased piglet is 2021.68 CNY per head nationwide, down 64.9 CNY or 3.10% from 2086.58 CNY last Friday and up 542.42 CNY or 36.7% from 1479.26 CNY a year earlier.
Table: Feedstuff Price and Breeding Margins (Unit: CNY/kg, CNY/head)
|
Time |
Corn (CNY/kg) |
Soybean Meal (CNY/kg) |
Compound Feed (CNY/kg) |
Hog |
Hog |
Margins (CNY/head) |
|
Week 2 |
2.83 |
4.017 |
3.39 |
12.7 |
10.6 |
2021.68 |
|
Week 1 |
2.709 |
3.577 |
3.18 |
13.26 |
11.28 |
2086.58 |
|
M-o-M± |
0.121 |
0.44 |
0.21 |
-0.56 |
-0.68 |
-64.9 |
|
M-o-M% |
4.5% |
12.30% |
6.6% |
-4.2% |
-6.0% |
-3.1% |
|
Y-o-Y |
1.828 |
2.695 |
2.5 |
19.64 |
14.36 |
1479.26 |
|
Y-o-Y± |
1.002 |
1.322 |
0.89 |
-6.94 |
-3.76 |
542.42 |
|
Y-o-Y% |
54.8% |
49.1% |
35.6% |
-35.3% |
-26.2% |
36.7% |
Fig. : Hog Margins of Owned Piglet in China (2020-2021)