According to the monitoring of SunSirs, the price of domestic and foreign Sanyuan pigs dropped sharply last week, with the average price of 19.50 RMB/kg at the beginning of the week and 17.53 RMB/kg at the weekend, a sharp drop of 10.10% during the week.

Since the middle of December, the continuous weak decline in pig prices has induced farmers to further sell their hogs. After finishing the acquisition task, slaughterhouses continue to reduce the purchase price of pigs. The problem of weak demand and strong supply in the pig market has become increasingly serious. The price of pigs has fallen sharply in the month. As of December 23, the price of pigs has fallen back to 17.53 RMB/kg, a sharp drop of 23.88% over the beginning of the month. Last week, supported by the slight recovery of the annual holiday to end consumption, the overall decline in pig prices has stabilized.

Last week, the domestic corn price continued to run weak, falling 0.40% within the week, while the soybean meal price moved forward in shock, rising 0.34% within the week. In general, the breeding and feeding cost is still at a high level, and the continuous high feeding cost will form a bottom support for future pig prices.

SunSirs live pig products analyst, believes that: the annual consumption has decreased, the epidemic factors have gradually eased, and the overall demand of the terminal meat market has picked up slightly. In the near future, the overall China domestic pig price will be weak and stable, and then move forward with small shocks.

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