1. China's live pig price trend

According to SunSirs monitoring, the price of Sanyuan (hybridization among 3 breeds of pigs) live pigs at home and abroad fluctuated slightly last week, with an average price of 36.72 yuan/kg at the beginning of the week and 36.73 yuan/kg at the weekend, a slight increase of 0.03%.

2. Market Analysis

Entering September, the typhoon brought widespread rainfall, which made it more difficult to transport live pigs in some northern regions, and the live pig market was once again tight, supporting a slight rebound in the price of live pigs in the northern region. At the same time, the domestic live pig market continued to slump in terminal demand, and slaughter companies had obvious intentions to purchase at low prices. , The southern pig market as a whole continued to be stable with weak adjustments. The price of the pig market as a whole went up and down. The domestic pig market moved forward with slight fluctuations in early September.

Last week, domestic corn and soybean meal prices fluctuated slightly. Feeding costs continued to be high, and piglet prices remained at a relatively high level. The continued high breeding costs will provide certain support to live pig prices in the future.

3. Outlook

SunSirs hog product analysts believe that in the short term, weather factors will cause the domestic hog market supply to be tight. The cold weather and the September school season will increase the consumption of the terminal meat market to a certain extent. With the support of cost and demand, the pig price will continue in the future Move ahead of higher levels of volatility.

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