According to the Commodity Market Analysis System of SunSirs, the price of domestic and foreign Sanyuan live pigs stopped rising and slightly fell last week, but overall fluctuated and moved forward. The average price at the beginning of the week was 13.10 RMB/kg, and the average price over the weekend was 13.20 RMB/kg, with a rise of 0.76% during the week.
In late December, as the impact of snowfall in the north gradually weakened, the intention of breeding entities to cash out of inventory became stronger. In addition, downstream enterprises became more cautious in purchasing after completing stocking, and pig prices in some areas stopped rising slightly, driving the overall domestic pig market prices to fluctuate slightly.
Last week, domestic corn prices remained stable with a slight increase of 0.15%, while pig prices rebounded slightly. This week, the overall pig to grain ratio in China rebounded slightly to around 5.8:1, indicating an improvement in the breeding industry. However, the overall situation is still in a loss making state.
SunSirs pig products analyst believes that overall, the demand for terminal meat market is still sluggish, and the concentrated slaughter of live pigs at the end of the year will continue to increase the supply of live pigs in the market. The momentum for the continued rebound of pig prices in the future is insufficient.
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