According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of three yuan live pigs rebounded slightly last week, with an average price of 13.83 RMB/kg at the beginning of the week and 14.07 RMB/kg at the end of the week, an increase of 1.74% during the week.

In July, the domestic pig price fell to the level of 14 RMB/kg, and farmers' reluctance to sell and support prices became stronger. In addition, after the pig to grain ratio dropped to less than 5:1, the country launched the second batch of frozen meat storage. With policy support, the overall domestic pig market price rebounded slightly last week.

Last week, domestic corn prices were relatively strong, rising by 0.41% during the week, while soybean meal prices were weak, falling by 0.67% during the week. Overall, the overall cost of breeding and feeding is still at a high level, and the pig to grain ratio continues to be low. The pig breeding industry is still in a loss situation, and the enthusiasm for farmers to supplement livestock continues to be sluggish. The overall stock of pigs is showing a downward trend.

SunSirs pig product analyst believes that with policy support, the domestic pig market prices have rebounded slightly. Overall, the demand for terminal meat is still sluggish. Summer is the traditional off-season for meat demand, and the sustained high temperature after the fall will further suppress terminal consumption. The supply of the pig market is stable, and the pressure of strong supply and weak demand in the market is still present. There is insufficient momentum for pig prices to continue to rise.

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