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24

2022

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12

Pig Prices Continued to Plummet MoM This Week

Source:

OIG+X

The price of live pigs this week was 17.73 yuan/kg, down 13.39% from last week; the price of pork was 28.18 yuan/kg, down 6.75% from last week; the price of piglets was 34.74 yuan/kg, down 8.39% from last week;The pig price continues to plummet. In Henan province, it dropped to 16.88-17.48 yuan/kg, and Guangdong dropped to 18.12-18.72 yuan/kg.

The price of live pigs this week was 17.73 yuan/kg, down 13.39% from last week; the price of pork was 28.18 yuan/kg, down 6.75% from last week; the price of piglets was 34.74 yuan/kg, down 8.39% from last week;The pig price continues to plummet. In Henan province, it dropped to 16.88-17.48 yuan/kg, and Guangdong dropped to 18.12-18.72 yuan/kg.

 

Pork price: the wholesale price of pork continued to fall in the third week of December 2022. The price of live pigs continued to fall, with the impact of the epidemic, the consumption was less than expected, and the delivery of pig carcass was not good, so the price of pork continued to fall.

 

Piglet price: the price of piglets this week was 34.74 yuan/kg. Influenced by the uncertainty of future market development caused by the continuous growth of the number of piglets on the market but the continuous decline of the price of big pigs on the market, the enthusiasm of farmers to breed more pigs was poor, and the price of piglets continued to fall.

 

The pig grain ratio: The pig grain ratio was 6.13 this week, down 0.97 from last week. Domestic futures prices fell, and some were rush to sell the products, while terminal demand continued to be low, and feed enterprises' inventory consumption was slow. In addition, most feed enterprises had completed their stock preparation before the Chinese New Year, so the supply and demand continued to be weak.

 

Small farmers were active in marketing, and the second fattening accelerates the pig production when the pig selling was high. The big pig group company’s marketing volume remained unchanged, and the market supply was sufficient. After the implementation of the new rules of COVID-19 epidemic prevention, the first wave of infection peak came in most regions of the country. The residents' business activities and dining out significantly shrank, and the employees of slaughtering enterprises were infected, leading to work stoppages.

 

The sluggish consumption led to the oversupply of pigs, and the price of pigs continued to fall sharply during the week. However, affected by the documents issued by the relevant departments, some farmers had strong expectations and increased their reluctance to sell. In addition, the winter solstice boosted the sales of pig carcass. The slaughter enterprises were active in purchasing products. The decline in pig prices narrowed significantly in the second half of the week, and pig prices rebounded in some regions. It is predicted that the pig price will continue to be weak in late December. 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.