1. China's live pig price trend

According to SunSirs monitoring, the domestic and foreign Sanyuan (hybridization among 3 breeds of pigs) prices rose slightly last week, with an average price of 33.17 yuan/kg at the beginning of the week and 33.57 yuan/kg at the weekend, an increase of 1.21% during the week.

2. Market Analysis

Last week, the overall tight supply situation in the domestic live pig market has not yet eased. Farmers continue to reluctantly sell and raise prices. To ensure market supply, slaughterhouses continue to increase their purchase prices. Supported by market demand, domestic pig prices continue to rise. The average live pig price on December 18 33.57 yuan/kg, up 9.28% from the beginning of December.

Last week, the domestic corn price dropped slightly from the high level and fell by 0.23% during the week. The soybean meal price rebounded slightly and rose by 2.29% during the week. On the whole, the cost of breeding is still high and will continue to support domestic pig prices.

3. Outlook

SunSirs pig product analysts believe that the tight supply of pigs has not yet eased, and pig prices will continue to be strong in the short term.

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