Price trend

According to the monitoring of SunSirs, the domestic and international prices of ternary live pigs were weak this week, with an average price of 15.30 RMB/kg at the beginning of the week and 15.12 RMB/kg at the weekend, down 1.18% during the week.

Analysis review

In late March, as the domestic temperature continued to rise, the demand for terminal meat market became more sluggish, and pigs continued to enter the market. The issue of strong market supply and weak demand again highlighted, and the overall domestic pig price was operating under pressure and weaker.

This week, domestic corn prices continued to decline weakly, falling 0.56% during the week, while soybean meal prices fell significantly, falling 6.05% during the week. Feeding costs fell significantly. This week, the overall domestic pig grain ratio fluctuated around 5.4:1, and the pig breeding industry as a whole was still in a loss situation. The enthusiasm of farmers to supplement livestock continued to decline.

Market outlook

According to analysts of pig products from SunSirs, it is difficult to alleviate the situation of strong supply and weak demand in the pig market in the short term, and the market supply pressure remains unchanged. Pig prices will continue to be under pressure and subject to weaker adjustment.

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