SunSirs: Pig Price Continued to Be Weak This Week (April.6-10)
April 13 2020 10:40:48 SunSirs (Daisy)
This week's domestic and foreign three-yuan pig prices continue to be weak downward. The average price at the beginning of the week was 34.37 RMB/kg, and the average price at the weekend was 34.07 RMB/kg, a small drop of 0.87%.
In April, the tomb-sweeping day holiday terminal meat market demand is still weak, prices continue to decline prompted farmers selling will continue to enhance, pig market began to recover. Plus, countries imported meat and frozen meat storage outbound to enter the market in succession, and the domestic market supply more relaxed environment. Meat market for strong supply while weak demand problem intensified. Meanwhile, the downstream demand continued weakness in slaughterhouses continued demand acquisition. Suppressed by headwinds, weaker domestic pig market prices continue to adjust. As of April 10, month prices fell by another 1.62%.
This week, the domestic corn price rose slightly, while the soybean meal price fell, and the breeding and feeding cost increased as a whole compared with march. The rising feeding cost will form a certain support for the future pig price.
Market Forecast: SunSirs pig product analyst Li Wenxu think that terminal demand performance is not good, and it is expected that in the short term domestic pig market prices still have some space to fall.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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