SunSirs: The Price of Live Pigs Fluctuated Downward Last Week
December 13 2022 13:38:44 SunSirs (Selena)
According to the monitoring of SunSirs, the price of domestic and foreign three yuan live pigs fell sharply last week, with the average price of 22.97 RMB/kg at the beginning of the week and 22.62 RMB/kg at the weekend, down 1.52% within the week.
In December, the market was long and short. After the pig price rose and fell, it moved forward with a small shock. Last week, the epidemic factors eased and the export of live pigs continued to increase. The realization of farmers' marketing made the supply pressure on the terminal market become stronger. The problem of strong supply and weak demand in the live pig market was highlighted. Slaughtering enterprises started to buy pigs at a lower price again, and the overall domestic pig price fell under pressure and shock.
Last week, the domestic corn price rose and fell back, falling 0.35% within the week. The soybean meal price moved forward with a high shock, rising 0.02% within the week. In a word, the cost of breeding and feeding is still at an ultra-high level, the pig price continues to decline, the breeding profit space continues to shrink, and the enthusiasm of farmers to supplement has declined.
SunSirs live pig products analyst believes that: in the short term, the problem of strong market supply and weak demand is difficult to ease, pig prices will continue to be under pressure and adjusted weakly, and high breeding costs will form a certain bottom support for future pig prices.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-16 SunSirs: China Domestic Pig Prices Fluctuated and Moved forward Last Week (April 8-12)
- 2024-04-03 SunSirs: China Pig Prices Continue to Fluctuate and Rise in March
- 2024-03-27 SunSirs: China Pig Prices were relatively Strong Last Week
- 2024-03-19 SunSirsChina Live Pigs Price Fluctuated strongly Last Week (March 11-15)
- 2024-02-28 SunSirs: China Domestic Pig Prices have Declined rapidly after the Spring Festival
