SunSirs: China Domestic Pig Prices Fluctuated and Moved forward Last Week (April 8-12)
April 16 2024 11:11:37 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of Sanyuan live pigs continued to fluctuate last week, with an average price of 15.15 RMB/kg at the beginning of the week and 15.18 RMB/kg at the end of the week, an increase of 0.20% during the week.
Entering April, the mentality of farmers who are reluctant to sell and raise prices has not decreased, and the demand for terminal meat is still sluggish. The supply and demand game in the domestic pig market is gradually turning into a stalemate, and the prices in the domestic pig market have fluctuated slightly, with overall slight consolidation.
Last week, domestic corn prices fluctuated weakly, with a slight decrease of 0.25% during the week. Soybean meal prices continued to be weak, with a decrease of 3.46% during the week. Overall, the cost of breeding and feeding is showing a downward trend. Last week, the overall domestic pig to grain ratio is expected to rise to around 6:1, and the profit margin of the breeding industry has rebounded.
SunSirs pig product analyst believes that in a long short game, the domestic pig market has entered a stalemate of supply and demand. In the short term, the overall price of domestic pigs is in a dilemma of rising and falling, and will continue to fluctuate slightly at the current level.
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