According to the monitoring of SunSirs, the price of Sanyuan live pigs at home and abroad continued to be weak last week, with an average price of 15.70 RMB/kg at the beginning of last week and 15.00 RMB/kg at the end of last week, down 4.16% during the week.
In the middle of January, the market of large-scale breeding continued to increase, the supply of domestic pig market was more loose, and the demand of terminal meat market was limited at the end of the year. Under the pressure of strong market supply and weak demand, the price of domestic pig market continued to operate under pressure, and the average price of pig fell to 15.00 RMB/kg on January 13, down 15.35% from the beginning of the month.
Last week, the domestic corn price was higher and stronger this week, with a slight increase of 0.15% in the week. Last week, the domestic soybean meal price rose slightly, with a rise of 1.05% in the week. In general, the cost of pig breeding and feeding is still at a high level, the pig price continues to decline, and the ratio of pig to grain is significantly lower. The breeding industry has fallen into a loss situation as a whole, and the high cost will form a certain bottom support for the future pig price.
SunSirs pig product analyst believes that under the pressure of strong supply and weak demand in the short term, the domestic pig market price will recover as a whole, and it is expected that it will continue to operate stably and weakly around the Spring Festival.
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