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SunSirs: The Price of Live Pigs Fluctuated in ChinaLast Week (August 1-5)
August 09 2022 09:45:09SunSirs(Selena)

 

According to the monitoring of SunSirs, the domestic and foreign three yuan pig prices rose first and then fell last week. The overall price fluctuated slightly. The average price at the beginning of last week was 21.42 RMB/ kg, and the average price at the end of last week was 21.57 RMB/ kg, a small increase of 0.70%.

In August, after the rise and fall of the pig price, the overall weakness stabilized. The farmers' reluctance to sell and support the price remained unchanged. In addition, the hot weather and the influence of rainfall in many places led to a small drop in the supply of live pigs, which supported the pig price to run slightly stronger again. The demand of the domestic meat market was still weak, and the slaughtering enterprises' intention to reduce the price and purchase remained unchanged. The market was a long and short game. Last week, the domestic pig price moved forward slightly.

Last week, the domestic corn price fluctuated slightly, while the soybean meal price fluctuated upward. In general, the breeding and feeding cost is still at a high level. In addition, the piglet price continues to be high, and the breeding cost is still high. The cost will continue to support the domestic pig price in the future.

SunSirs live pig products analysts believe that the game between supply and demand in the live pig market is still fierce, and there is no substantial positive support in the short term to support the overall recovery of terminal demand. In the future, the overall pig price will continue to be high, stable and weak.

 

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