According to the commodity market analysis system of SunSirs, the domestic corn price fell comprehensively in December. On December 1st, the average price of third class yellow corn was 2,610.00 RMB/ton, and on December 29th, the average price was 2,488.57 RMB/ton, a decrease of 4.65% within the month.

In December, the market volume of corn in the Northeast production area continued to increase, and downstream trading entities had a strong wait-and-see attitude. The arrival volume of corn from deep processing enterprises did not decrease, and after the company's inventory was replenished, they continued to purchase at a lower price. The demand for the breeding industry remained sluggish. In addition, low-priced imported corn and its substitutes continued to arrive at the port, highlighting the stage of strong supply and weak demand pressure in the domestic corn market, and corn prices fell comprehensively under pressure.

In December, domestic egg prices fell significantly, with a decrease of 10.21% within the month. The price of live pigs fluctuated weakly, with a decrease of 0.89% within the month. The breeding industry market has once again declined. Currently, the domestic pig to grain ratio is around 5.8:1, and the overall pig breeding industry is still in a loss making situation. The intention of farmers to sell out their eggs remains unchanged, and there is limited room for a rebound in demand for corn feed in the future.

SunSirs corn product analyst believes that the loose supply situation in the domestic corn market is difficult to alleviate in the short term. It is expected that the domestic corn market prices will continue to be under pressure in January 2024, with a moderate to weak trend.

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