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SunSirs: Pig Prices Continued to Rise (February 20-24)
February 27 2023 09:25:26SunSirs(John)

Price trend

According to the monitoring of SunSirs, the domestic and international prices of ternary live pigs continued to rise this week, with an average price of 15.05 RMB/kg at the beginning of the week and 15.70 RMB/kg at the end of the week, up 4.32% during the week.

Analysis review

In the late of February, boosted by the news of frozen meat collection and storage, the mentality of farmers to be reluctant had become stronger, the number of live pigs sold has declined, the overall supply of domestic live pig market was tight, and slaughtering enterprises continued to raise prices to drive domestic pig prices to continue to run stronger.

The domestic corn price was weaker, this week with a slight decline of 0.20% in the week, and the soybean meal price was weaker, with a decline of 0.62% in the week. In general, although the cost of breeding and feeding declined slightly, the overall cost of feeding was still at a high level. The proportion of pig grain recovered slightly from the domestic pig price had rebounded slightly, and the loss of domestic pig breeding industry had eased.

Market outlook

The pig product analyst of SunSirs believes that under the support of favorable policies and the upcoming opening of colleges and universities in March, the demand for meat market will pick up. It is expected that there will still be some room for recovery in the domestic pig market price in the future.

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