Today is 05/05/2024
I. Hog Price
In the week from Feb 1 to Feb 5, China’s hog prices are plummeting compared to the previous week. And the average price index nationwide is 30.79 CNY/kg, a decrease of 2.88 CNY/kg or 8.60% versus 33.67 CNY/kg last week, and a decline of 6.81 CNY/kg or 18.10% compared to 37.60 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 1011.01 CNY per head nationwide, down 389.38 CNY or 27.80% from 1400.39 CNY last Friday and down 740.45 CNY or 42.30% from 1751.46 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 5 |
2.89 |
3.700 |
3.37 |
10.47 |
9 |
1011.01 |
|
Week 4 |
2.865 |
3.735 |
3.35 |
11.57 |
9.9 |
1400.39 |
|
M-o-M± |
0.025 |
-0.035 |
0.02 |
-1.1 |
-0.9 |
-389.38 |
|
M-o-M% |
0.9% |
-0.94% |
0.6% |
-9.5% |
-9.1% |
-27.8% |
|
Y-o-Y |
1.879 |
2.718 |
2.58 |
19.79 |
14.41 |
1751.46 |
|
Y-o-Y± |
1.011 |
0.982 |
0.79 |
-9.32 |
-5.41 |
-740.45 |
|
Y-o-Y% |
53.8% |
36.1% |
30.6% |
-47.1% |
-37.5% |
-42.3% |
Fig. : Hog Margins of Owned Piglet in China (2020-2021)