Today is 06/16/2024

Weekly Hog Price and Breeding Margins in China (Week 12, 2021)

2021-03-29 www.cofeed.com

I. Hog Price

 

In the week from Mar 22 to Mar 26, China’s hog prices continue the declines. And the average price index nationwide is 26.38 CNY/kg, a drop of 1.06 CNY/kg or 3.90% versus 27.44 CNY/kg last Friday, and a decline of 9.90 CNY/kg or 27.30% compared to 36.28 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 368.47 CNY per head nationwide, down 98.94 CNY or 21.20% from 467.41 CNY in the previous week and down 930.49 CNY or 71.60% from 1,298.96 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 12

2.842

3.294

3.164

9.1

8.17

368.47

Week 11

2.849

3.243

3.166

9.45

8.5

467.41

M-o-M±

-0.007

0.051

-0.002

-0.35

-0.33

-98.94

M-o-M%

-0.2%

1.57%

-0.1%

-3.7%

-3.9%

-21.2%

Y-o-Y

1.88

3.011

2.59

19.03

13.8

1298.96

Y-o-Y±

0.962

0.283

0.574

-9.93

-5.63

-930.49

Y-o-Y%

51.2%

9.4%

22.2%

-52.2%

-40.8%

-71.6%

 

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