Today is 05/21/2024

Weekly Hog Price and Breeding Margins in China (Week 15, 2021)

2021-04-19 www.cofeed.com

I. Hog Price

 

In the week from April 12 to April 16, China’s hog prices take a rally. And nationwide average price index is 23.93 CNY/kg, a rise of 2.70 CNY/kg or 12.72% versus 21.23 CNY/kg a week earlier, yet a descent of 10.07 CNY/kg or 29.62% compared to 34.00 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 384.24 CNY per head nationwide, jumping by 445.04 CNY or 739.97% from -60.80 CNY in the previous week, decreasing by 672.50 CNY or 63.64% from 1056.74 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 15

2.797

3.353

3.19

8.37

7.34

384.24

Week 14

2.768

3.348

3.15

7.48

6.57

-60.80

M-o-M±

0.029

0.005

0.04

0.89

0.77

445.04

M-o-M%

1.05%

0.15%

1.27%

11.90%

11.72%

739.97%

Y-o-Y

1.946

3.198

2.67

17.21

12.5

1056.74

Y-o-Y±

0.851

0.155

0.52

-8.84

-5.16

-672.5

Y-o-Y%

43.73%

4.85%

19.48%

-51.37%

-41.28%

-63.64%

 

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