The latest data from the Price Monitoring Center of the National Development and Reform Commission shows that as of December 31, 205, the price of live pigs was 12.41 RMB/kg, the price of corn was 2.30 RMB/kg, and the ratio of pig to grain was 5.40. Compared to December 24th, the price of live pigs has increased by 3.94%, the price of corn has increased by 0.88%, and the price of pig food has increased by 3.05%.
The article shows that the spot price of live pigs has risen by 3.94% to 12.41 RMB/kg, indicating a tight supply and demand in the market and strong support from the demand side. Based on the data of pig futures (such as the 2603 contract rising by 100 RMB/ton to 11,785 RMB/ton), the futures market has risen synchronously, with an increase in holdings, reflecting a strong bullish sentiment in the market, which is favorable for the upward trend of futures prices.
The article points out that the spot price of corn has risen by 0.88% to 2.30 RMB/kg, and the increase in the price of pig food indicates an increase in feed demand. Combined with corn futures data (such as the 2605 contract rising 15 RMB/ton to 2,274 RMB/ton), futures contract prices have generally risen, with increased trading volume, indicating that the market expects supply to tighten, providing general positive support for both spot and futures prices.
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