1. China's live pig price trend

According to the monitoring of SunSirs, the domestic and foreign ternary pig prices rebounded sharply this week, with an average price of 30.23 yuan/kg at the beginning of the week and an average price of 32.10 yuan/kg at the weekend, an increase of 6.19% during the week.

2. Market Analysis

Entering December, supported by a slight rebound in terminal demand, domestic meat market prices continued to rise, and farmers continued to reluctantly sell at high prices. In addition, in December, live pigs in Central and South China were prohibited from being transported. The local market's supply of pigs became tighter. The difficulty of procurement has increased significantly, and the overall supply of the pig market has fallen short of demand. The slaughter companies continue to increase prices and replenish the stock to drive the domestic market price of pigs to rise. The average price of pigs on December 4 was 32.10 yuan/500g, a significant increase of 9.93% from the beginning of November.

Last week, domestic corn prices rose again, rising by 1.53% during the week, and soybean meal prices fell by 3.0% from the high during the week. On the whole, the cost of breeding and feed is still high as a whole, and the cost of feed remains high. The cost will affect the pig price in the future. Certainly support.

3. Outlook

SunSirs live pig product analysts believe that, supported by demand in the short term, domestic pig prices will continue to be strong. After the supply of live pigs in the market outlook recovers, pig prices will generally stabilize.

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