1. Domestic pig price trends

According to the monitoring of SunSirs, the price of Sanyuan (hybridization among 3 breeds of pigs) live pigs at home and abroad fluctuated slightly last week. The average price at the beginning of the week was RMB 37.00/kg and the average price at the weekend was RMB 36.90/kg, a slight decrease of 0.27%.

2. Market Analysis

In August, domestic pig prices continued to fluctuate at a high level, and the terminal meat market prices remained high. The ultra-high meat prices suppressed terminal market consumption to a certain extent. Terminal demand weakened again. The slaughterhouse once again initiated low-price acquisitions, which led to domestic pigs this week. Prices continue to be high and weak adjustments. On August 21, the average price of domestic and foreign Sanyuan pigs fell by 0.54% from the beginning of the month.

Last week, domestic corn prices fluctuated slightly, with a small decrease of 0.79% during the week. Soybean meal prices fell slightly from the high level of the week by 0.84%. The overall high cost of breeding and feed declined slightly. The profit margin of pig breeding remained high. The stock of live pigs will continue to rise in the future.

3. Outlook

SunSirs live pig product analysts believe that the supply and demand game in the live pig market is fierce, and the overall price of pigs fluctuates. In the short term, pig prices will continue to fluctuate at a high level.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.