SunSirs: In June, China's Domestic Pig Prices Bottomed out and Rebounded

1. Live pig price chart

In June domestic and foreign Sanyuan (hybridization among 3 breeds of pigs), the price of pigs fell sharply and then bottomed out. The average price on June 1 was 17.37 yuan/kg, and the average price on June 30 was 15.45 yuan/kg, down 11.05% in the month. .

2. Market analysis

Since June, domestic pig prices have continued to be weak, causing farmers to sell, and the supply of live pigs has become more relaxed. After slaughterhouses have completed their procurement plans, they have launched low-price purchases. Demand in the terminal meat market has continued to be sluggish. The problem of oversupply in the domestic live pig market has become prominent. Pig prices continue to fall under pressure. On June 23, the average domestic pig price fell to 13.00 yuan/kg, the lowest point in the first half of the year, a sharp drop of 62.98% from the beginning of the year.

In late June, after the pig price dropped to 13 yuan/kg, the loss of the breeding industry increased sharply. The farmers were reluctant to sell the pigs. The supply of the pig market plummeted. After the slaughterhouse increased the price and replenished the warehouse, the farmers further increased the price. The purchasing and storage policy is approaching, and the national pig price bottomed out and rebounded sharply. On June 30, the average price quickly rebounded to 15.45 yuan/kg, a sharp rise of 18.85% from the 23rd.

In June, domestic corn prices fell slightly, down by 1.44% during the month. In June, domestic soybean meal prices fluctuated down, down by 2.99% during the month. The overall high cost of breeding and feed fell slightly. Affected by the sharp drop in pig prices, farmers continued to fill slaughter enthusiasm decline.

3. Market outlook

In the short term, under the support of reluctance to sell well, the price of pigs has bottomed out and rebounded sharply. On the whole, the demand for terminal meat is still weak, and the rise of pig prices will again limit the recovery of terminal meat consumption to a certain extent. Pig prices will continue to rise in the future. , It is expected that the pig price will rebound to around 16 yuan/kg in July, and then the overall shock will move forward.

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