Carcass price at the beginning of December is $83.67/cwt and decreases to $76.62/cwt in 51 week. It recovers to $77.44/cwt at the end of December. Belly price and ham price have influence on carcass price. Ham price decreases from $66.06/cwt to the lowest $55.27/cwt because of weak demand after Christmas. Ham price recovers lightly to $55.86/cwt at the end of this month. Belly price decreases from the beginning $144.41/cwt to $108.16/cwt in 51 week and recovers to $109.07/cwt at the end of December.
Hog slaughter increases because of stronger demand before Christmas holiday. The slaughter volume reaches the peak 2,578 thsd heads in the middle of the month. With weak demand after Christmas, slaughter houses processed 2,107 thsd heads. The 50-119 pounds inventory at the end of this month is 1,854.6 thsd heads, up 2.5% compared with last years. Cold storage in November is 0.5 billion pounds, with 2.7% down compared with last year and down 5.7% compared with 5 year average volume. Cold storage inventory in November decreases 15.6%. Ham inventory is 98.2 million pounds with down 50% compared with last month.
Therefore with less supply and stronger demand pig market in 2018 will be estimated bullish.
(Data of Chinese pork is sourced by The State Council of China and BOYAR; Data of European pork is sourced by EU Commission, AHDB; Data of US pork is sourced by USDA)