According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of three RMB live pigs fell again last week, with an average price of 14.07 RMB/kg at the beginning of the week and 13.90 RMB/kg at the end of the week, a decrease of 1.21% during the week.

In mid July, due to the continued weak demand in the terminal meat market and the limited impact of frozen meat storage policies on the overall boost of domestic pig prices, live pigs continued to enter the market to alleviate supply, and domestic pig prices were once again under pressure and weak.

Last week, domestic corn prices fluctuated and advanced, with a slight increase of 0.15% during the week. Soybean meal prices fluctuated and advanced, with a rise of 1.83% during the week. The overall cost of breeding and feeding has shown an increasing trend, while domestic pig prices continue to be weak. The pig to grain ratio has once again dropped to below 5:1, and the loss area of the breeding industry has increased.

SunSirs pig product analyst believes that after the fall of the summer, the domestic high temperature will continue to rise, coupled with the successive holidays of universities, and the demand for terminal meat in the market will become even weaker. Under strong market supply and weak demand pressure, the domestic pig market prices will continue to be under pressure in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.