SunSirs: The Price of Live Pigs Rose slightly Last Week in China (August 22-26)
August 29 2022 09:21:03 SunSirs (Selena)
According to the monitoring of SunSirs, the price of Sanyuan pigs at home and abroad rose slightly last week. The average price at the beginning of the week was 21.47 RMB/ kg, and the average price at the weekend was 21.95 RMB/ kg, up 2.24% in the week.
In late August, the national day and the Mid Autumn Festival are approaching, and some areas are about to start school. In addition, the temperature is falling and the weather is gradually turning cool. The overall demand of the terminal meat market has rebounded slightly, and the farmers are reluctant to sell and support the price. The slaughterhouse continues to raise prices and replenish the stock to ensure the market supply, driving the overall stable, moderate and strong operation of the domestic pig market price.
Last week, the domestic corn price rebounded slightly, rising by 0.16% in the week. The soybean meal price fluctuated and fell, rising by 2.61% in the week. In general, the breeding and feeding costs are still high, and the continued high cost will continue to form a bottom support for the future pig price.
SunSirs analyst of live pig products believes that: the game between supply and demand in the live pig market is intensifying, the terminal demand is picking up slightly, and the mentality of farmers to support prices is not decreasing. It is expected that there is still a certain room for China domestic pig prices to rise in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-16 SunSirs: China Domestic Pig Prices Fluctuated and Moved forward Last Week (April 8-12)
- 2024-04-03 SunSirs: China Pig Prices Continue to Fluctuate and Rise in March
- 2024-03-27 SunSirs: China Pig Prices were relatively Strong Last Week
- 2024-03-19 SunSirsChina Live Pigs Price Fluctuated strongly Last Week (March 11-15)
- 2024-02-28 SunSirs: China Domestic Pig Prices have Declined rapidly after the Spring Festival
