Price trend

According to the monitoring of SunSirs, the price of ternary live pigs at home and abroad continued to rise in May, and the overall price fluctuated upward, and then fell slightly at the end of the month. On May 1, the average price of live pigs was 14.53 RMB/kg, and on May 31, the average price was 15.62 RMB/kg, an increase of 7.50% within the month.

Analysis review

Entering May, the competition between supply and demand in the domestic live pig market became more and more intense and the overall price of live pigs moved forward with slight fluctuations after the price rising stabilized. Boosted by the eighth frozen meat purchase and storage policy in mid-May, domestic pig prices fluctuated upwards overall.

Under the support of the frozen meat purchase and storage policy, domestic farmers had become more reluctant to sell and support prices. At the end of the month, the transaction of frozen meat from the State Reserve was lower than expected. In addition, the demand in the terminal meat market continued to be weak, and the slaughtering enterprises increased their intention to purchase at a lower price. At the end of the month, the price of pigs fell slightly.

In May, the domestic corn price soared and fell slightly, rising by 1.02% in the month as a whole. The price of soybean meal fluctuated and fell, and fell by 2.36% in the month. The cost of breeding and feeding declined, the ratio of pigs to grain continued to rise, and the loss of the breeding industry continued to decrease. At the end of the month, some areas turned losses into profits as a whole, the enthusiasm of farmers to supplement the stall rebounded, and the domestic pig inventory was expected to stop falling and stabilize.

Market outlook

The pig product analyst of the SunSirs believes that the boosting effect of the purchase and storage policy on pig prices has weakened after the recovery of pig prices. At the same time, farmers are reluctant to sell and lose to the weak demand of the terminal. The domestic pig market will not be under pressure due to strong supply and weak demand. It is expected that the domestic live pig price will fluctuate slightly in June after the overall increase has stabilized.

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