According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of three RMB live pigs fluctuated last week, rising first and then falling. The average price at the beginning of the week was 14.80 RMB/kg, and the average price over the weekend was 14.75 RMB/kg, with a slight decrease of 0.34% during the week.

In late November, as the supply of live pigs continued to increase, the demand for terminal meat market rebounded less than expected, and the pressure of strong supply and weak demand in the market reappeared. Slaughtering enterprises once again started to purchase at lower prices. Last week, the domestic pig market prices first rose and then fell, with overall fluctuations and weak operations.

Last week, after the domestic corn price weakened and stabilized, it fluctuated slightly, falling by 0.11% during the week. Soybean meal prices continued to be weak, falling by 1.72% during the week. The overall cost of breeding and feeding is showing a downward trend. Currently, the domestic pig to grain ratio is around 5.6:1, and the overall breeding industry is still in a loss making situation. The enthusiasm of farmers to replenish their pens is still low.

Li Wenxu, a pig product analyst at SunSirs, believes that supported by the upcoming launch of the third batch of frozen meat storage policies, pig prices are expected to slightly rebound in the future. Recently, there has been a resurgence of strong supply and weak demand pressure in the domestic pig market, and the overall price of pigs is in a dilemma of rising and falling. The overall situation will continue to operate at the current level of slight consolidation.

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