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SunSirs: China's Live Pig Prices Rebounded Sharply Last Week (4.12-4.16)

April 19 2021 09:33:07     SunSirs (Linda)

1. The price trend of live pigs

Last week, domestic and foreign Sanyuan (hybridization among 3 breeds of pigs) prices bottomed out, with an average price of 22.10 yuan/kg at the beginning of the week and an average price of 23.33 yuan/kg at the weekend, an increase of 5.57% during the week.

2. Market Analysis

In early April, domestic pig prices fell sharply, and the profit margin of breeding was significantly reduced to near the cost line. In mid-April, farmers began to reluctantly sell at a high price. The supply of live pigs dropped sharply, and slaughter companies raised prices to replenish the warehouse. The domestic live pig market prices were overall As a result, live pigs were 23.33 yuan/kg on April 16, up 5.57% from Monday.

Last week, domestic corn prices rebounded slightly from a relatively high level and rose 0.56% within the week. This week, domestic soybean meal prices fluctuated up, rising by 1.39% within the week. The cost of breeding and feeding has risen again, and the overall profit margin of breeding has shown a downward trend.

3. Market outlook forecast

SunSirs live pig product analysts believe that farmers continue to hold back prices and reluctant to sell. In the short term, pig prices will continue to pick up. Affected by the continued weakness of terminal market consumption, there is limited room for pig prices to continue to pick up in the future.

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