SunSirs: China Domestic Pig Prices Fluctuated and Moved Forward Last Week (May 6-10)

According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of Sanyuan live pigs fluctuated last week, with an average price of 14.88 RMB/kg at the beginning of the week and 14.88 RMB/kg at the end of the week. The overall increase and decrease during the week was 0.

Entering May, the supply and demand game in the domestic pig market is still in a stalemate, and the demand in the terminal meat market is still sluggish. Slaughtering enterprises have raised prices slightly to replenish inventory and completed the acquisition task, and then lowered prices again. The overall price of the domestic pig market has fluctuated slightly.

Last week, domestic corn prices slightly rebounded, rising 0.62% within the week, and soybean meal prices slightly rebounded, rising 0.23% within the week. The cost of breeding and feeding also slightly increased. On May 10th, the overall domestic pig to grain ratio slightly decreased to around 6.4:1, and the pig breeding industry is still in a micro profit situation.

SunSirs pig product analyst believes that the domestic pig inventory remains stable, the supply of pigs for sale is relatively stable, and downstream demand continues to be sluggish. In the short term, the supply and demand of the domestic pig market will continue to be stable, and the overall price of pigs will be in a dilemma of rising and falling. The overall level will continue to fluctuate slightly at the current level.

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