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SunSirs: Live Pig Price is Strong This Week (Feb.10-14)

February 19 2020 11:40:27     SunSirs (Daisy)

The national average price of Sanyuan hybridization goes stronger this week. It is 35.93 yuan / kg at the beginning of the week and 36.08 RMB / kg at the end of the week, up slightly by 0.42%.

After the Spring Festival, the national pig transportation is tight again, and there is a gap in pig supply in some areas. With the support of strong demand, the market price of pig in the sales area continues to rise. However, with increasing difficulty of transportation outside the production area, consumption in some areas declines. The overall domestic pig price fluctuates, ending up with a high-level price. 

This week, the frozen meat of China was delivered to the south market again. The policy vigorously guaranteed the supply of domestic pig market, but the overall supply is still tight. Therefore, it is expected that the national pig price continued to maintain a strong operation.

This week, national corn and soybean meal prices continued to be strong. And the overall cost of breeding and feeding showed an increasing trend. The cost will play a supporting role in the price of pigs. On the other hand, the spread of COVID-19 will limit the end market transactions of piglets to a certain extent as well as undermine the enthusiasm of farmers to make up the market. Therefore, it slows down the recovery speed of pig stock. 

Future forecast aspect, Li Wenxu, an analyst of pig products of SunSirs, believes that triggered by strong demand, the price of domestic pig market will continue to be strong in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 

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