SunSirs: China's Live Pig Prices Fluctuate Last Week (8.3-8.7)
August 11 2020 08:41:55 SunSirs (Linda)
1. China's live pig price trend
According to SunSirs monitoring, the price of Sanyuan (hybridization among 3 breeds of pigs) live pigs at home and abroad fluctuated slightly last week, with an average price of 37.23 yuan/kg at the beginning of the week and 37.28 yuan/kg at the weekend, a slight increase of 0.13%.
2. Market Analysis
In August, pig prices rose again, leading to a more sluggish domestic pig market’s terminal consumption. Terminal pig sales were unsatisfactory. The slaughterhouse’s intention to purchase at a reduced price was obvious. The price of pigs in some areas subsequently fell slightly. The overall price of the live pig market fluctuated at a high level.
Last week, domestic corn prices continued to run strongly, rising by 1.01% during the week, soybean meal prices soared and fell back, and fell by 2.21% during the week. The continuous increase in corn prices caused domestic feed prices to continue to rise, and the overall high and fluctuating cost of breeding and feed, coupled with pig prices After rising again, piglet prices will rise again, and breeding costs will continue to be high, which will form a certain support for pig prices in the future.
3. Outlook
SunSirs live pig product analysts believe that: terminal demand continues to be sluggish, and the domestic live pig supply and demand game market is about to turn into a situation of strong supply and weak demand. Live pig prices will continue to rise under pressure. It is expected that domestic live pig market prices will continue to fluctuate slightly next week.
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