SunSirs: Chinese Live Pig prices Continued to Rise Last Week (June. 8-12)
June 15 2020 08:07:32 SunSirs (Linda)
1. Chinese live pig price chart
According to SunSirs monitoring, the price of ternary live pigs at home and abroad continued to rise this week, with an average price of 30.12 yuan/kg at the beginning of the week and an average price of 30.70 yuan/kg at the weekend, a slight decrease of 0.14%.
2. Market analysis
The slight rise in pig prices has prompted farmers to continue to reluctantly increase their selling prices. With the opening of primary and secondary schools, the meat market demand has rebounded. The slaughterhouse has continued to raise the purchase price of live pigs to ensure market supply, driving the continued rise in domestic pig prices this week.
Domestic corn prices continued to run strongly this week, the overall price rose slightly by 0.43%, soybean meal prices fluctuated at the bottom, and fell by 1.59% during the week. The overall cost of farming and feeding moved forward slightly, and the price of pigs rebounded again, causing the price of piglets to rise again. The overall rebound was slight.
3. Future market forecast
SunSirs live pig product analysts believe that: the pity of sales supports Chinese live pig prices again. On the whole, terminal demand is still relatively weak, and the future pig price continues to rebound. The domestic pig market price is expected to be slightly around 31.2 yuan/kg next week moving forward.
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