According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of three RMB live pigs fluctuated last week, with an average price of 15.05 RMB/kg at the beginning of the week and 15.02 RMB/kg at the end of the week, a decrease of 0.20% during the week.

In late April, the supply and demand game in the domestic pig market entered a stalemate, and the demand in the terminal meat market continued to be sluggish. After completing the acquisition task, slaughtering enterprises did not reduce their intention to purchase at a lower price, while farmers were reluctant to sell at a higher price, engaging in a long short game. The overall price of the domestic pig market was in a dilemma of rising and falling. Last week, the overall price of the domestic pig market fluctuated slightly around 15 RMB/kg.

Last week, domestic corn prices remained stable with a slight decline of 0.25%, while soybean meal prices remained weak with a slight decline of 0.65%. Overall, the cost of breeding and feeding is showing a downward trend, while pig prices continue to fluctuate. The overall domestic pig to grain ratio fluctuated around 6.5:1, and the profitability of the pig breeding industry is temporarily stable.

SunSirs Pig Product Analyst believes that in a long short game, domestic pig prices are in a dilemma of rising and falling in the short term, and the overall situation will continue to fluctuate slightly at the current level.

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