SunSirs: Analysis of China's Live Pig Market in October
November 04 2020 09:13:59 SunSirs (Linda)
1. China's live pig price chart
According to the monitoring of SunSirs, in October, Sanyuan (hybridization among 3 breeds of pigs) live pigs at home and abroad continued to decline weakly. The average price on October 1 was 32.97 yuan/kg, and the average price on October 30 was 29.20 yuan/kg, a sharp drop of 11.43%.
2. Market Analysis
During the National Day and Mid-Autumn Festival, the terminal meat market demand continued to be weak, the domestic live pig inventory continued to rise, the slaughter of live pigs continued to be slaughtered, the problem of strong supply and weak demand in the post-holiday pig market continued to increase, and the overall price of pigs was under pressure.
In the second half of October, pig prices continued to fall sharply during the month, causing farmers to reluctantly sell, and the overall decline in live pig prices has slowed down. On the whole, the price has not matched the decline caused by the overall strong supply and demand. Pig prices at the end of the month The overall price fell below 30 yuan/kg, and the average domestic pig price fell to 29.20 yuan/kg on October 30, a sharp drop of 22.09% from the July high.
In October, domestic corn prices rose by 4.01% at a high level, soybean meal prices rose by 5.34% within the month, breeding and feed costs rose again, feed prices continued to rise, breeding profit margins fell sharply, farmers' enthusiasm for replenishment declined, and the stock of live pigs rebounded The speed will gradually slow down.
3. Outlook
SunSirs pig product analysts believe that in the short term, the problem of strong supply and weak demand in the market is difficult to alleviate, and the price of pigs will continue to be weak.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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