China’s live hog to feed ratio fell further in 2nd week of Jun, hog prices may rise slightly driven by holiday demand – NDRC
COMMODITIES DATA
China’s live hog to feed ratio fell further in 2nd week of Jun, hog prices may rise slightly driven by holiday demand – NDRC
COMMODITIES DATA

China’s live hog to feed ratio fell further in 2nd week of Jun, hog prices may rise slightly driven by holiday demand – NDRC

 

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China’s live hog to feed price ratio was 4.17 in the second week of June, falling by 0.71% from the previous week, according to the National Development and Reform Commission, the state planner, indicating further cooling down of the hog market. 

Based on the current price and cost, hog farmers suffer a loss of 120.74 yuan per head of live hogs, it said. 

As the Dragon Boat Festival holiday is approaching, slaughtering houses increase stocks to meet rising demand in the holiday, which mat slightly boost the pig market, and the pig price is expected to rise slightly, it estimates.

China’s most-traded live hog futures contract on the Dalian Commodity Exchange, for September delivery, slides 3% to drop below 16,000 yuan per tonne mark.