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 |
Corn (CNY/kg) |
Soybean Meal (CNY/kg) |
Compound Feed (CNY/kg) |
Hog |
Hog |
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)