According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of SanRMB live pigs were slightly stronger last week, with an average price of 14.93 RMB/kg at the beginning of the week and 15.23 RMB/kg at the end of the week, an increase of 2.01% during the week.

After entering May, the overall weak domestic pig prices have been adjusted and continued to consolidate. In mid month, domestic breeding entities have been reluctant to sell and bullish sentiment has continued to rise, which has helped push up the domestic pig market price slightly. Slaughtering enterprises have continuously raised the purchase price of pigs to ensure market supply, further driving up the domestic pig market price to continue to be strong.

Last week, domestic corn prices rebounded slightly, rising by 0.37% within the week. Soybean meal prices fluctuated forward, falling by 0.34% within the week. The cost of breeding and feeding also fluctuated slightly. On May 17th, the overall domestic pig to grain ratio was around 6.5:1, fluctuating forward. The overall pig breeding industry is still in a slightly profitable situation.

According to analysts of SunSirs's pig products, driven by bullish sentiment of reluctance to sell in the short term, it is expected that there is still some room for price recovery in the domestic pig market. Overall, the domestic pig inventory is relatively stable, and the overall supply and demand of the pig market are stable, with limited room for price recovery.

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