SunSirs: The Supply-Demand Game is Intense, and the Price of Live Pigs Fluctuated weakly in April

According to the Commodity Market Analysis System of SunSirs, the overall fluctuation of domestic and international Sanyuan pig prices in April 2024 was weak, with an average price of 15.12 RMB/kg on April 1 and 14.85 RMB/kg on April 30, a decrease of 1.79% within the month.

Entering April, the mentality of farmers who are reluctant to sell and raise prices remains unchanged. The supply-demand game in the domestic pig market continues to intensify, and slaughtering enterprises are raising prices to replenish inventory to support the domestic pig market's slightly volatile and strong price movements.

Starting from mid April, due to the continued sluggish demand in the terminal meat market, slaughterhouses have started to purchase at a lower price after completing their acquisition tasks, resulting in overall weak fluctuations in the domestic pig market prices.

In April, domestic corn prices continued to operate weakly, falling by 1.35% within the month. Soybean meal prices fluctuated downward, falling by 4.64% within the month. The overall cost of domestic pig feeding continued to show a downward trend, and the domestic pig to grain ratio continued to fluctuate around 6.5:1 in April. The overall pig breeding industry is still in a slightly profitable situation.

SunSirs pig product analyst believes that the mentality of farmers who are hesitant to sell and raise prices remains unchanged. The demand for terminal meat market continues to be sluggish, and the cost of breeding and feeding continues to fall. The inventory of live pigs is relatively sufficient, and the support for domestic pig prices by hesitant to sell and raise prices is insufficient. Under the pressure of many negative factors, it is expected that the domestic pig market prices will mainly operate under pressure, with a moderate to weak trend in May.

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