According to the Commodity Market Analysis System of SunSirs, the price of domestic and foreign three yuan live pigs stopped rising and slightly fell last week. The average price at the beginning of the week was 13.17 RMB/kg, and the average price over the weekend was 12.98 RMB/kg, a decrease of 1.44% during the week.

In late December, the impact of snowfall in the north gradually faded away, and the intention of breeding entities to sell and realize their profits did not decrease. The demand for terminal meat market did not meet expectations, and the pressure of strong supply and weak demand in the domestic pig market reappeared. After completing their acquisition tasks, slaughter companies lowered their purchase prices one after another, and pig prices came under pressure and stopped rising, falling back.

Last week, domestic corn prices fluctuated strongly, and due to a slight drop in pig prices, domestic pig food prices have slightly fallen compared to last week. Currently, the overall price is around 5.7:1, and the pig farming industry is still in a loss making situation.

SunSirs pig product analyst believes that under the pressure of strong market supply and weak demand, it is expected that there will still be some room for price decline in the domestic pig market in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.