On January 14th, data from the National Bureau of Statistics showed that according to monitoring the market prices of 50 important production materials in 9 major categories in the national circulation field, 27 product prices increased, 20 decreased, and 3 remained stable in early January 2026 compared to late December 2025. Among them, the price of live pigs (external ternary) increased by 0.8 RMB/kg, or 6.8%, compared to the previous period.
The article shows that the price of live pigs (external ternary) has increased by 0.8 RMB/kg or 6.8% month on month, indicating tight supply and demand, short-term supply reduction or strong demand, which is favorable for spot prices. Based on futures data, recent pig contracts such as 2603 (settlement price of 11,795 RMB/ton, up 10 points) and 2605 (settlement price of 12,170 RMB/ton, down 35 points) have shown fluctuations, but the sharp rise in spot prices will strengthen market expectations, drive forward futures contracts, and benefit the bullish trend in futures.
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