SunSirs: China Pig Prices Fluctuated and Rose Last Week
November 23 2023 14:14:36 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of SanRMB live pigs fluctuated and rose last week, with an average price of 14.48 RMB/kg at the beginning of the week and 14.55 RMB/kg at the end of the week, with a weekly increase of 0.48%.
In mid November, due to the impact of another cold air attack, domestic temperatures continued to decline. In addition, some regions entered the bacon production season, and terminal consumption in the pig market slightly rebounded. Supported by demand, the domestic pig market prices fluctuated slightly and tended to operate strongly.
Last week, the domestic corn price fluctuated slightly, with a decrease of 0.05% during the week. The soybean meal price fluctuated weakly, with a decrease of 1.33% during the week. The overall cost of breeding and feeding showed a downward trend. Last week, the overall pig to grain ratio in China was still fluctuating around 5.5:1, and the pig breeding industry was still in a loss situation. The enthusiasm of farmers to replenish their livestock was relatively low.
SunSirs pig product analyst believes that there is still some room for a rebound in the domestic pig market prices in the short term, supported by demand.
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