SunSirs: China's Live Pig Prices Declined Slightly Last Week (9.7-9.11)

1. Domestic pig price trends

According to the monitoring of SunSirs, the price of Sanyuan (hybridization among 3 breeds of pigs) live pigs at home and abroad declined slightly last week, with an average price of 36.57 yuan/kg at the beginning of the week and an average price of 36.12 yuan/kg at the weekend, down 1.23%.

2. Market Analysis

Entering the first ten days of September, colleges and universities have opened schools and the weather has gradually turned cooler. The demand for terminal meat has not rebounded as expected. The continued weakness of pig prices has prompted a small increase in the willingness of farmers to sell. The domestic pig market has gradually turned into a situation of strong supply and weak demand. Weekly pig prices fell slightly under overall pressure. On September 11, the average price of domestic and foreign three-yuan pigs was 36.12 yuan/kg, down 1.63% from the beginning of the month.

Last week, domestic corn prices fluctuated slightly, and soybean meal prices rose again. Although corn prices fell to a certain extent from last month, overall, the cost of breeding and feeding is still high. In addition, the price of piglets and sows has been high, and breeding costs have been supported. Under the circumstance, the domestic live pig price has limited room to fall.

3. Outlook

SunSirs pig product analysts believe that: the pig stock has rebounded slightly, the pig market supply has increased, and the terminal meat market demand remains sluggish. The strong supply of the meat market has led to the continuous weak adjustment of the pig price. It is expected that the pig price will remain biased in the short term. Weak operation. With the continued high support of breeding costs, the overall downside is limited.

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