According to the Commodity Market Analysis System of SunSirs, the price of domestic and foreign Sanyuan live pigs continued to rise last week. The average price at the beginning of last week was 12.78 RMB/kg, and the average price over the weekend was 12.90 RMB/kg, with a 0.94% increase during the week.
Entering mid January, frequent snowfall in the north has made it difficult to transport live pigs abroad. In addition, the rise in pig prices has led to a reluctance of breeding entities to sell and a strengthening of price support. With the support of weather factors and a price support mentality, the domestic pig market prices continued to be strong last week.
Last week, domestic corn prices fluctuated strongly, while pig prices continued to rise. Last week, the overall domestic pig to grain ratio rebounded to around 5.7:1, indicating an improvement in the pig farming industry.
SunSirs pig product analyst believes that with the support of weather factors and reluctance to sell, it is expected that the domestic pig market prices will still have some room for recovery in the short term.
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