SunSirs: Game of Supply and Demand Reappears, Price of Pigs is Consolidating Forward
November 05 2021 08:19:54 SunSirs (Linda)
Entering November, the farmers' willingness to sell pigs continued to increase after the early pig price rebounded rapidly, and the tight supply situation in the domestic live pig market gradually eased. After the slaughterhouse completed the purchase task, the price was again reduced. The price of pigs in many places fell slightly, and the price of pigs in some areas rebounded slightly. The overall price of pigs was mixed. On November 4, the domestic live pig price was 16.33 yuan/kg, a sharp increase of 44.13% from October 1, and a slight increase of 0.31% from November 1.
The game between supply and demand in the live pig market has reappeared. After the pig price has bottomed out and rebounded sharply, the overall price of pigs has entered a consolidation phase. In the short term, the room for fluctuations in pig prices is limited.
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