According to data released by the National Bureau of Statistics on January 19th, the production situation of animal husbandry in China is expected to be good in 2025. The output of pigs, cows, sheep, and poultry meat will exceed 100 million tons, reaching 100.72 million tons, an increase of 4.09 million tons or 4.2% compared to the previous year. Among them, the pork production was 59.38 million tons, an increase of 2.32 million tons, or 4.1%, reaching a historic high.
According to data from the National Bureau of Statistics, the pork production in 2025 will be 59.38 million tons, a year-on-year increase of 4.1%, reaching a historical high, indicating a significant increase in pig supply, which may lead to oversupply in the spot market and exert downward pressure on pig spot prices. Based on the market situation of pig futures, major contracts such as 2603 closing price of 11,705 RMB/ton (down 105) and 2605 closing price of 11,945 RMB/ton (down 125) are showing an overall downward trend. The expected increase in production will further strengthen the bearish factors of futures prices and intensify market bearish sentiment.
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