According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of three RMB live pigs continued to operate weakly last week, with an average price of 12.90 RMB/kg at the beginning of the week and 12.72 RMB/kg at the end of the week, a 1.40% decrease during the week.

Entering February, as the end of the year approaches, breeding entities are concentrating on selling pigs for cash, and the domestic pig market supply is becoming increasingly loose. In addition, the demand for pigs during the year is lower than expected, highlighting the pressure of strong supply and weak demand in the domestic pig market. Pig prices continue to be under pressure and operate weakly.

Last week, domestic corn prices fluctuated slightly, while domestic pig prices fell again. Last week, the domestic pig to grain ratio dropped to around 5.6:1, and the loss situation in the pig farming industry has increased.

The analyst of SunSirs's pig products believes that in the short term, the strong supply and weak demand in the pig market are difficult to change, and pig prices will continue to be under pressure and decline.

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