1. Price Trend

According to the monitoring of SunSirs, the price of ternary pigs at home and abroad fluctuated slightly this week. The average price at the beginning of the week was 36.30 yuan/kg, and the average price at the weekend was 36.33 yuan/kg, a slight increase of 0.08%.

2. Market Analysis

Entering mid-February, the tightness of domestic pig transportation has not eased, and the supply of pigs in the market is still mainly to ensure the supply. The tight supply will support the stable and high operation of pig prices. Taken together, terminal demand has fallen somewhat after the year, and the long-short game has seen the overall rise and fall of domestic pig prices this week, with pig prices fluctuating slightly.

This week, domestic corn prices have fallen slightly, soybean meal prices have been steadily moving forward, and the cost of breeding and feeding has been relatively stable. The state has again issued relevant documents to encourage domestic pigs to resume production, and the domestic pig inventory in the market will pick up.

3. Forecast

SunSirs live pig product analyst Wenxu Li believes that the domestic live pig market prices continue to rise with insufficient motivation due to a long-short game. It is expected that the domestic live pig market prices will move slightly ahead of current levels next week.

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