Price trend

According to the monitoring of SunSirs, the domestic and international prices of ternary live pigs rose slightly this week, with an average price of 14.43 RMB/kg at the beginning of the week and 14.73 RMB/kg at the end of the week, up 2.08% during the week.

Analysis review

In the middle of February, the ratio of pig to grain continued to be low, and the continuous loss of the breeding industry led to the farmers' reluctance to sell and supported high prices, the secondary fattening situation increased, the overall supply of the pig market declined slightly, and the price of the domestic pig market rose slightly due to the price increase of slaughtering enterprises.

This week, the price of domestic corn stopped falling and rose slightly, rising 0.05% in the week, and the price of soybean meal continued to operate weakly, falling 1.82% in the week. In general, the cost of domestic breeding and feeding was still high. Although the price of pig had risen slightly recently, the ratio of pig to grain had risen slightly, the domestic pig breeding industry as a whole was still in a loss situation.

Market outlook

The pig product analyst of SunSirs believes that, in the short term, under the support of reluctant sales and supporting high prices, the domestic pig market price still has some room for recovery. In general, the demand of the terminal meat market is still low, and the room for further recovery of pig prices in the future is limited.

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