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28

2022

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12

Pig Price Continued to Rise Sharply Today

Source:

OIG+X

Today, the pig price continued to rise sharply, and returned to more than 18 yuan/kg. The sellers are still reluctant to sell. It is difficult to procure freely. Also as consumption has improved to some extent, the pig price continues to rise sharply.

 

Today, the pig price continued to rise sharply, and returned to more than 18 yuan/kg. The sellers are still reluctant to sell. It is difficult to procure freely. Also as consumption has improved to some extent, the pig price continues to rise sharply.

 

According to the data, it's calculated that in January 2023, the monthly total number of large pigs sold in China will continue to decline on a month on month basis. The stock of suitable weight pigs available for sale has declined significantly, while residents' household and catering consumption will continue to recover. In January, slaughter enterprises will again face difficulties in pig collecting. Therefore, theoretically speaking, the price of the big pigs sold in January will be on the high level. However, at the same time, the stock of slaughter enterprises before the Spring Festival has gradually entered the next stage and is approaching the end. There is still some demand in the first ten days of January, but the demand will decline significantly. Therefore, the price of slaughter pigs in January will rise but the increase will be limited. If the increase is too fast, there is a risk of another callback, and the probability of sustained rapid rise is not high. It is predicted that the pig price in February after the Spring Festival is generally weak, and it is expected that the price of big pigs sold during the period from March to June will show a strong trend due to the low number of pigs sold.