Today is 04/13/2024

Weekly Hog Price and Breeding Margins in China (Week 16, 2021)

2021-04-26 www.cofeed.com

I. Hog Price

 

In the week from April 19 to April 23, China’s hog prices fluctuate to fall. And nationwide average price index is 23.30 CNY/kg, a decline of 0.63 CNY/kg or 2.63% versus 23.93 CNY/kg a week earlier, and a descent of 10.63 CNY/kg or 31.33% compared to 33.93 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 340.75 CNY per head nationwide, down 43.49 CNY or 11.32% from 384.24 CNY in the previous week, and down 683.92 CNY or 66.75% from 1024.67 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 16

2.824

3.480

3.25

8.07

7.00

340.75

Week 15

2.797

3.353

3.19

8.37

7.34

384.24

M-o-M±

0.027

0.127

0.06

-0.3

-0.34

-43.49

M-o-M%

0.97%

3.79%

1.88%

-3.58%

-4.63%

-11.32%

Y-o-Y

1.969

3.121

2.68

16.97

12.48

1024.67

Y-o-Y±

0.855

0.359

0.57

-8.9

-5.48

-683.92

Y-o-Y%

43.42%

11.50%

21.27%

-52.45%

-43.91%

-66.75%

 

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