Price trend

According to the monitoring of the Business News Agency, the domestic and international prices of ternary live pigs fell in shock in January, with an average price of 17.72 yuan/kg on January 1 and 14.67 yuan/kg on January 31, down 17.21% in the month.

Analysis review

During the New Year's Day, the demand of domestic meat market continued to be sluggish. After the New Year's Day, the intention of farmers to sell their pigs remained unchanged. The supply of domestic pig market continued to increase. Under the pressure of strong market supply and weak demand, the price of domestic pig market continued to be weak. In the middle of January, the sale of pigs by large-scale farmers continued to increase, and the domestic pig market supply was more relaxed. At the end of the year, the demand of the terminal meat market was limited. Under the pressure of strong market supply and weak demand, the domestic pig market price continued to operate under pressure, and the average price of pigs fell to 14.67 yuan/kg on January 16, down 17.21% from the beginning of the month.

During the Spring Festival, the domestic pig market trade basically stopped, and the domestic pig market price remained stable as a whole. After the year, the farmers were less willing to sell, the pig market supply was slightly tight, and the pig price rose slightly. With the gradual recovery of the pig market supply, the pig price continued to operate under pressure.

In January, the domestic corn price fluctuated at a high level, rising 0.15% in the month. In January, the domestic soybean meal price fluctuated, falling 0.26% in the month. In general, the cost of domestic pig breeding is still high, and the sustained high cost will form a certain bottom support for future pig prices.

Market outlook

According to the pig product analysts of the Business Society, the traditional demand for meat is in the off-season in January, and the supply of the pig market is stable. Under the pressure of strong market supply and weak demand, it is expected that there is still some room for the meat price to fall in the short term.

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