According to the monitoring of SunSirs, the domestic and foreign three yuan pig prices continued to decline in a weak way last week, with an average price of 24.90 RMB/kg at the beginning of the week and 23.98 RMB/kg at the weekend, down 3.69% during the week.

In the late November, the demand of the terminal meat market was more sluggish, the pig purchase by slaughtering enterprises was relatively smooth, and the purchase quantity and price were continuously lowered. The pig price continued to decline in a weak way, and the intention to realize breeding was not reduced. The pig continued to enter the market. The problem of strong supply and weak demand in the domestic pig market was highlighted, and the overall pig price continued to decline in a weak way.

Last week, the domestic corn price rose by 0.71%, and the soybean meal price rose by 3.39%. In a word, the breeding and feeding cost is still at an ultra-high level and continues to increase as a whole. The piglet price remains at a high level, and the rising breeding cost will form a strong bottom support for the future pig price.

SunSirs analyst of live pig products believes that the problem of strong market supply and weak demand cannot be alleviated in the short term. The domestic pig price will continue to operate weakly. At the same time, the rising breeding cost will support the future pig price to a certain extent. The overall decline space of China domestic live pig market price is limited.

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