1. China Live Pig price trend

According to SunSirs monitoring, the price of Sanyuan (hybridization among 3 breeds of pigs) live pigs at home and abroad continued to rise this week, with an average price of 35.68 yuan/kg at the beginning of the week and 36.95 yuan/kg at the weekend, an overall increase of 3.56%.

2. Market analysis

Frequent rains in July have caused the domestic live pig outbound transportation to remain tight, and the difficulty of acquiring pigs in the slaughterhouse has not diminished. In order to ensure the market supply, the price of pigs has been continuously raised. At the same time, farmers have been reluctant to sell and maintain the price, supporting the price of the domestic pig market. Continued to continue the upward trend, the average price of Sanyuan live pigs at home and abroad on July 10 was 36.95 yuan/kg, up 5.66% from the beginning of the month, and up 30.24% from the May low.

Last week, China's corn prices continued to rise and rose by 0.62% during the week. Soybean meal prices fluctuated at the bottom. The overall cost of farming and feeding has shown a slight upward trend. The price of pigs has rebounded again. The price forms a certain support.

3. Outlook forecast

SunSirs live pig product analysts believe that there are many positive supports. It is expected that the domestic live pig price will continue to run strongly in the short term. Overall, the demand for the terminal meat market has not rebounded significantly, and the overall rise in pig prices is limited.

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