SunSirs: The Price of Live Pigs Was Stronger This Week (October 10-14)
October 17 2022 11:28:18 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the prices of domestic and foreign ternary live pigs continued to run strongly this week, with the average price of 26.17 RMB/kg at the beginning of the week and 26.82 RMB/kg at the weekend, up 2.48% within the week.
Analysis review
During the National Day, the domestic pig market price continued to rise as a whole, supported by factors such as farmers' reluctance to sell and supporting a high price, tight supply in the pig market, and a slight rebound in the holiday end consumption. After the holiday, the domestic pig sales picked up slightly. In addition, the frozen meat was delivered again to ensure stable supply. The tight supply situation of the pig market eased, and the overall rise of domestic pig prices slowed down.
This week, the domestic corn price moved forward with a slight shock, falling by 0.05% within the week. The overall soybean meal price continued to rise at a high level, rising by 1.12% within the week. The cost of breeding and feeding continued to rise at a high level. The price of piglets remained at a high level. The continuous increase in breeding costs will form a strong support for the bottom of the future pig price.
Market outlook
The analysts of live pig products from SunSirs believe that, supported by the tight supply at different stages, the domestic market price of live pigs will continue to operate stably and tend to be strong. In a word, the demand of the terminal meat market has not rebounded significantly. In addition, the country's cold frozen meat storage has continued to be delivered out of the warehouse to ensure stable supply, and there is insufficient motivation for the pig price to continue to rise in the future.
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