Domestic and international pig prices has this week a small decline. The average price of 36.00 RMB/kg at the beginning of the week, and the average price of 35.60 RMB/kg at the end of the week, down 1.11%.

In later February, the pressure of domestic transport gradually eased, and the amount of bar slaughterhouse pig inventories increased, which to some extent replenish the inventory and reduce the pig’s price. Meanwhile, the end meat market was still cold after the spring festival. Under the strong supply and weak demand of live pig market, many domestic cities cut prices in different degree, which led the domestic live pig market a small and weak adjustment. 

Domestic corn prices fell slightly this week. Soybean meal prices rose slightly. The cost of breeding and feeding a small shock forward. The relevant documents issued by the state to promote the resumption of domestic pig production, and domestic pig stocks in the future will recover steadily.

Market Forecasting, Li wenxu, pig product analyst of SunSirs said that after the easing of traffic pressure, pig inventory has increased. The national storage of frozen meat has been exported, and terminal demand is still weak. Market supply is strong and demand is weak. Pig prices are expected to fall next week.

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