On April 23rd, the benchmark price of live pigs in SunSirs was 14.28 RMB/kg, a decrease of -2.33% compared to the beginning of this month (14.62 RMB/kg).

In mid April, due to the continued strong supply and weak demand in the terminal meat market, domestic pig prices continued to decline and decline, and the loss area of the breeding industry continued to increase. Pig prices in many places fell below the 7 RMB mark, causing farmers to be reluctant to sell and raise prices.

As a result, the overall supply in the pig market was tight, and slaughtering enterprises increased their pig purchase prices to ensure market supply, helping domestic pig prices rebound from the bottom. The Business Society believes that the cost of breeding continues to be high, and farmers are reluctant to sell at high prices. In the short term, there is still some room for a rebound in domestic pig prices.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.