1. China's live pig price chart

According to SunSirs monitoring, Chinese and foreign ternary live pig prices rebounded slightly this week, with an average price of 28.88 yuan/kg at the beginning of the week and an average price of 29.77 yuan/kg at the weekend, up 3.08%.

2. Market analysis

Chinese pig prices continued to decline sharply in May, and the significant decline in breeding profit margins prompted farmers to reluctantly sell their prices. The supply and demand game in the domestic pig market continued to intensify, and the overall price of pigs fluctuated after a slight fluctuation. In June, the sales sentiment continued to increase, and the domestic live pig market supply continued to decrease. In order to ensure market supply, the slaughterhouse continued to raise the purchase price, driving the domestic live pig market price to bottom out this week.

Chinese corn prices fluctuated at a high level, soybean meal prices fluctuated at a low level, and farming and feeding costs fluctuated slightly. Feeding costs are relatively stable, and the price of piglets is still relatively high. The downward price of pigs has caused a significant reduction in domestic pig breeding profit margins, which will further support farmers' reluctance to sell and sell prices.

3. Future market forecast

SunSirs live pig analysis believes that the domestic pig price has been picked up again due to sales, and overall, the current domestic pig stock is still at a low level. The demand in the terminal meat market is still weak, and the overall supply and demand in the meat market is weak, and there is no substantial benefit to support pig prices again to rose sharply.

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