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Weekly Hog Price and Breeding Margins in China (Week 14, 2021)

2021-04-12 www.cofeed.com

I. Hog Price

 

In the week from April 6 to April 9, China’s hog prices maintain the declines. And nationwide average price index is 21.23 CNY/kg, a decrease of 3.47 CNY/kg or 14.05% versus 24.70 CNY/kg a week earlier, and a descent of 13.35 CNY/kg or 38.61% compared to 34.58 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 -60.80 CNY per head nationwide, significantly falling by 357.02 CNY or 120.53% from 296.22 CNY in the previous week and down 1,177.19 CNY or 105.45% from 1,116.39 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 14

2.768

3.348

3.15

7.48

6.57

-60.80

Week 13

2.761

3.310

3.121

8.76

7.75

296.22

M-o-M±

0.007

0.038

0.029

-1.28

-1.18

-357.02

M-o-M%

0.25%

1.15%

0.93%

-14.61%

-15.23%

-120.53%

Y-o-Y

1.93

3.171

2.67

17.65

12.75

1116.39

Y-o-Y±

0.838

0.177

0.48

-10.17

-6.18

-1177.19

Y-o-Y%

43.42%

5.58%

17.98%

-57.62%

-48.47%

-105.45%

 

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