SunSirs: Pig Prices Fell Sharply This Week (November 11-15)
November 18 2019 14:44:54 SunSirs (Eva)
1.Price Trend
According to the monitoring of SunSirs, the price of domestic and foreign three yuan pigs continued to be weak this week. The average price at the beginning of the week was RMB 38.20 yuan / kg, and the average price at the weekend was RMB 36.23 yuan / kg, down 5.16%.
2.Cause analysis
In November, the ultra-high meat price led to the continuous weakness of the terminal meat market demand, coupled with the impact of factors such as the delivery of frozen meat and the entry of imported meat into the domestic market, the overall price of domestic pig market continued to fall after surging. The continuous weakness of pig prices has led to a small increase in farmers' willingness to go out of the market, and the pressure on the market for pigs has been increasing. The continuous increase of pig market supply further suppressed the sharp decline of domestic pig market price after the surge. This week, the overall price of domestic pig market fell 5.16%.
This week, the domestic corn and soybean meal prices fluctuated slightly. The cost of breeding and feeding is still at a relatively high level. In addition, the continuous high price of pigs has led to a substantial increase in the price of piglets, and the overall cost of breeding has remained high.
3.Market Forecast
SunSirs analyst of pig products believes that: under the pressure of supply in the short term, the price of domestic pig market gradually returns to rationality. In a comprehensive view, at present, the domestic pig stock is still at a low level, and the price of domestic pig market in the future will still be at a relatively high level.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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