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Weekly Hog Price and Breeding Margins in China (Week 10, 2021)

2021-03-15 www.cofeed.com

I. Hog Price

 

In the week from Mar 8 to Mar 12, China’s hog prices plummet. And the average price index nationwide is 28.06 CNY/kg, a drop of 1.26 CNY/kg or 4.30% versus 29.32 CNY/kg last Friday, and a decline of 8.91 CNY/kg or 24.10% compared to 36.97 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 526.13 CNY per head nationwide, down 162.58 CNY or 23.60% from 688.71 CNY in the previous week and down 976.39 CNY or 65.00% from 1502.52 CNY a year earlier.

 

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

 

Time
/Products

Corn (CNY/kg)

Soybean Meal (CNY/kg)

Compound Feed (CNY/kg)

Hog
/Corn

Hog
/Feed

Margins (CNY/head)

Week 10

2.914

3.325

3.229

9.45

8.53

526.13

Week 9

2.947

3.512

3.318

9.77

8.68

688.71

M-o-M±

-0.033

-0.187

-0.089

-0.32

-0.15

-162.58

M-o-M%

-1.1%

-5.32%

-2.7%

-3.3%

-1.7%

-23.6%

Y-o-Y

1.881

2.84

2.58

19.38

14.14

1502.52

Y-o-Y±

1.033

0.485

0.649

-9.93

-5.61

-976.39

Y-o-Y%

54.9%

17.1%

25.2%

-51.2%

-39.7%

-65.0%

 

Fig. : Hog Margins of Owned Piglet in China (2020-2021)