According to the Commodity Market Analysis System of SunSirs, the prices of domestic and international ternary pig markets continued to rise last week, with an average price of 11.47 RMB/kg at the beginning of the week and 11.65 RMB/kg over the weekend, an increase of 1.57% during the week.

In mid December, some regions in China entered the season for making cured meat and meat. In addition, the recent decline in the number of live pigs sold has led to a slight increase in pig prices in some areas, supported by the rebound in terminal demand. The reluctance of farmers to sell and raise prices further supports the sustained recovery of domestic pig market prices.

Last week, domestic corn prices fluctuated slightly and moved forward, with overall corn prices remaining stable and relatively high feed costs. Last week, the domestic pig to grain ratio was still at a low level, and in some areas, the pig to grain ratio had fallen below 5:1. Domestic pig prices continued to operate at a low level, and the overall livestock industry was still in a loss making situation.

SunSirs pig product analyst believes that in the short term, with the support of demand, there will be some room for price recovery in the domestic pig market. Overall, the demand in the terminal meat market is sluggish, and the problem of strong market supply and weak demand still exists. The overall space for pig price recovery is limited.

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