SunSirs: Chinese Live Pig Prices Fell Slightly Last Week (July.13-17)
July 22 2020 08:23:37 SunSirs (Linda)
1. Domestic pig price trends in China
According to the monitoring of SunSirs, the price of Sanyuan (hybridization among 3 breeds of pigs) live pigs at home and abroad dropped slightly, with an average price of 37.23 yuan/kg at the beginning of the week and 37.32 yuan/kg at the weekend, a slight increase of 0.24%.
2. Market Analysis
Entering mid-July, pig prices continued to rise rapidly and continued to pressure terminal meat market consumption. Consumers' willingness to buy continued to decline, terminal demand became weaker, and the slow progress of slaughterhouse sales led to a decline in overall purchases, and the game between supply and demand in the live pig market intensified again , The pig price rebounded slightly after the overall rise. On July 17, the average price of Sanyuan (hybridization among 3 breeds of pigs) live pigs at home and abroad was 37.32 yuan/kg, an increase of 6.86% from the beginning of the month, and a slight decrease of 0.43% from July 14.
The price of corn in China continued to rise last week, rising by 0.82% during the week, and the price of soybean meal increased by 2.06% during the week. The cost of breeding and feeding continued to rise, the price of piglets continued to rise, and the overall cost of breeding was increasing.
3. Outlook
SunSirs live pig product analysts believe that: on the whole, the terminal meat market demand remains weak, the supply and demand game in the live pig market is intensified, and the pig price continues to rise in the market outlook with insufficient momentum, and the overall market will remain at the current level with slight fluctuations.
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