SunSirs: China's Live Pig Prices Fluctuate at a High Level in July

1. China's live pig price trend

According to monitoring by SunSirs, the price of Sanyuan (hybridization among 3 breeds of pigs) live pigs at home and abroad fluctuated at a high level in July. The average price on July 1 was 34.97 yuan/kg, and the average price on July 31 was 37. yuan 37.10/ Kg, an increase of 6.09%.

2. Market Analysis

Frequent rains in many places in July have continuously increased the difficulty of domestic pig exporting, and the difficulty of purchasing slaughterhouses has increased. The purchase price of pigs has been raised slightly. The farmers' attitude of reluctance to sell and keep the price will continue to support the domestic pig market to continue to rise. July 14. The average price of domestic and foreign three yuan pigs in Japan is 37.48 yuan/kg, up 7.18% from the beginning of the month, and 32.11% from the low point in May, setting a new high for the year.
Entering mid-July, the price of pigs rose sharply again, terminal consumption did not pay the bill, consumers' willingness to buy fell sharply, terminal demand continued to decline, and low-priced state-stored frozen meat continued to go out of the warehouse to supplement market supply, and slaughterhouse sales progress Slowly lowering the purchase price of live pigs, the game between supply and demand in the domestic live pig market has intensified again. After the overall price of pigs has risen slightly, the overall price of pigs has been adjusted to a relatively high level and fluctuated slightly. On July 31, the average price of domestic and foreign three-yuan pigs was 37.10 yuan/kg, up 6.09% from the beginning of the month, and down 1.01% from the high point in the year.
In July, domestic corn prices continued to rise. On July 31, the average domestic corn price was 2,237.14 yuan/ton, a sharp increase of 8.67% from the beginning of the month and a sharp increase of 21.87% from the beginning of the year. The domestic corn price continued to rise sharply, and the domestic soybean meal price rose by 6.65 in July. %, a substantial increase in the cost of breeding and feed will support the pig price in the future.

3. Outlook

SunSirs hog product analysts believe that: the current domestic hog market supply and demand game is still fierce, and the domestic hog prices are on the rise and fall. On the whole, the domestic meat market terminal consumption is still sluggish, and the domestic hog prices may not rise again. Domestic hog stocks The volume continues to rise, and the market outlook for raw pork will gradually increase. It is expected that domestic pig prices will fluctuate and run weakly in August.

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