SunSirs: Pig Prices In October Rose Sharply

1.Price Trend

According to the monitoring of SunSirs, the average price on October 1 was RMB 27.43 yuan / kg, and on October 31 was RMB 39.28 yuan / kg. In October, the overall price of domestic and foreign three yuan pigs rose by 43.20% again.

2.Cause analysis

During the national day, the supply of pig market was tight, which supported the overall continuous strong operation of domestic pig market price. A small amount of frozen meat out of the warehouse had a limited effect on the ultra-high meat price. After the national day, the problem of tight supply of domestic pig market became more prominent. The market weight of pigs fell sharply year on year, and the procurement difficulty of slaughtering enterprises increased significantly, which supported the high price of domestic pig market in October Degree up sharply.

In the middle of October, with the support of farmers' reluctance to sell at a high price and the slaughterhouse's price increase and replenishment, the price of domestic pig market has been rising. According to the data from the Ministry of agriculture, the number of domestic pigs on hand and that of fertile sows continued to decline in September. The sharp decline in the number of pigs on hand made it difficult for the supply of domestic meat market to recover to the previous high level in the short term. The short-term short-term shortage of pig market was difficult to ease. With many favorable supports, the market price of domestic pigs in many places at the end of the month exceeded the threshold of RMB 40 yuan / kg.

In October, the price of corn in the domestic market fluctuated slightly downward, the price of soybean meal fluctuated upward, and the overall cost of breeding and feeding showed an increasing trend. In order to ensure the supply of pig market and the recovery of pig production in the future, various provinces and cities have successively issued supporting policies. In addition, the ultra-high meat price will promote the enthusiasm of breeding households to make up for the market, and the overall amount of domestic pig stocks will gradually stop falling and stabilize and show a gradual recovery.

3.Future Market Forecast

SunSirs analyst of pig products believes that: the price of pigs has soared again, the overall acceptance ability of terminal consumption is poor, and consumers tend to turn to other substitutes. The domestic pig market as a whole shows a low state of supply and demand, and the price of pigs in some regions has slightly dropped by the end of the month. In the game of supply and demand, it is expected that there will be limited space for domestic pig prices to continue to rise in November, and the overall price will fluctuate slightly.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.