Today is 05/05/2024
I. Hog Price
In the week from Feb 22 to Feb 26, China’s hog prices go down. And the average price index nationwide is 27.69 CNY/kg, a decrease of 2.40 CNY/kg or 8.00% versus 30.09 CNY/kg compared to last Friday, and a decline of 11.00 CNY/kg or 28.40% compared to 38.69 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 450.67 CNY per head nationwide, down 368.47 CNY or 45.00% from 819.14 CNY in the previous week and down 1450.20 CNY or 76.30% from 1900.87 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 8 |
2.942 |
3.692 |
3.361 |
9.23 |
8.08 |
450.67 |
|
Week 7 |
2.904 |
3.694 |
3.367 |
10.19 |
8.79 |
819.14 |
|
M-o-M± |
0.038 |
-0.002 |
-0.006 |
-0.96 |
-0.71 |
-368.47 |
|
M-o-M% |
1.3% |
-0.05% |
-0.2% |
-9.4% |
-8.1% |
-45.0% |
|
Y-o-Y |
1.864 |
2.825 |
2.59 |
20.48 |
14.74 |
1900.87 |
|
Y-o-Y± |
1.078 |
0.867 |
0.771 |
-11.25 |
-6.66 |
-1450.2 |
|
Y-o-Y% |
57.8% |
30.7% |
29.8% |
-54.9% |
-45.2% |
-76.3% |
Fig. : Hog Margins of Owned Piglet in China (2020-2021)