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Weekly Hog Price and Breeding Margins in China (Week 11, 2021)

2021-03-22 www.cofeed.com

I. Hog Price

 

In the week from Mar 15 to Mar 19, China’s hog prices keep falling. And the average price index nationwide is 27.44 CNY/kg, a drop of 0.62 CNY/kg or 2.20% versus 28.06 CNY/kg last Friday, and a decline of 9.32 CNY/kg or 25.40% compared to 36.76 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 467.41 CNY per head nationwide, down 58.72 CNY or 11.20% from 526.13 CNY in the previous week and down 976.46 CNY or 67.60% from 1443.87 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 11

2.849

3.243

3.166

9.45

8.5

467.41

Week 10

2.914

3.325

3.229

9.45

8.53

526.13

M-o-M±

-0.065

-0.082

-0.063

0

-0.03

-58.72

M-o-M%

-2.2%

-2.47%

-2.0%

0.0%

-0.4%

-11.2%

Y-o-Y

1.879

2.878

2.57

19.29

14.12

1443.87

Y-o-Y±

0.97

0.365

0.596

-9.84

-5.62

-976.46

Y-o-Y%

51.6%

12.7%

23.2%

-51.0%

-39.8%

-67.6%

 

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