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2022

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12

Pig Price in China Fell Sharply Today

Source:

OIG+X

Today, the pig price continued to fall sharply, with the price of live pigs falling below 19 yuan/kg, which has fallen to the pig price level in early July. Private farmers were active in selling hogs, and the second fattening accelerated the pig selling.

Today, the pig price continued to fall sharply, with the price of live pigs falling below 19 yuan/kg, which has fallen to the pig price level in early July. Private farmers were active in selling hogs, and the second fattening accelerated the pig selling. The big group's selling volume remained unchanged, and the market supply was generally loose. However, due to the epidemic situation, most slaughter enterprises were shut down, with large stockings, and limited demand for large pigs. In addition, the consumer end was less than expected, the market showed strong supply and weak demand, and the pig price continues to fall sharply.

 

According to the data, the monthly total number of Chinese hogs sold in December will decline MoM, while the residents' household and catering consumption will recover. The demand for salted and smoked meat products near the Spring Festival will increase, and the new purchase demand of slaughter enterprises will gradually recover. The contradiction between the insufficient supply of hogs and pork will be highlighted again. The pig price is more likely to rise.

 

However, since the new COVID-19 epidemic prevention policies have been implemented, the first wave of infection peak has arrived in most regions of the country. People's business activities and dining out have significantly shrunk, and the number of slaughterhouse employees infected has led to work suspension. The Spring Festival stock can not attract large purchasing. The continuous implementation of the policy of selling big pigs at some large markets has become the direct driver of price suppression, and the panic selling of small and medium-sized farmers has become common.

 

It is predicted that the pig price will continue to be weak in late December, and the trend of more losses and fewer increases is still the mainstream trend. There is a chance of short-term rise, but on the whole, the pig price will not be able to rise significantly. In January, due to the continuous decrease in the number of large pigs sold, there is still a short-term opportunity for the price of pigs to rise.