SunSirs: China Pig Prices Fluctuated and Moved forward Last Week

According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of Sanyuan live pigs rose first and then fell last week, with overall fluctuations moving forward. The average price at the beginning of the week was 14.48 RMB/kg, and the average price over the weekend was 14.57 RMB/kg, with a weekly increase of 0.62%.

Affected by the significant cooling of the domestic market caused by cold air, the difficulty of exporting live pigs has increased, and farmers have become more reluctant to sell and raise prices. Slaughtering companies have raised the purchase price of live pigs to ensure market supply. The domestic live pig market prices have slightly increased last week, but were suppressed by the unexpected demand in the terminal meat market. After completing the acquisition task, the company has once again lowered the purchase price of live pigs. This week, the overall domestic live pig market prices have risen first and then fallen.

Last week, domestic corn prices continued to decline weakly, falling by 2.08% within the week, while soybean meal prices fluctuated and fell by 0.76% within the week. The cost of breeding and feeding continued to decline, and pig prices rebounded slightly before moving forward. The domestic pig to grain ratio also rebounded, and last week it overall rebounded to around 6:1, indicating an improvement in the breeding industry market.

SunSirs pig product analyst believes that farmers are reluctant to sell and maintain a high price mentality, and the demand for terminal meat in the market continues to be sluggish. The market is playing a long short game, and in the short term, the overall price of domestic pigs is in a dilemma of rising and falling. It is expected that the overall price of domestic pigs will be around 14.5 RMB/kg next week, with a slight consolidation operation.

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