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05

2023

-

02

The Price of Pigs on the Lantern Festival Rebounded

Source:

OIG+X

Today, the pig prices rebounded and showed an upward trend in many places. After the festival, pork consumption entered the off-season, and people's consumption demand for pork was not high. The price of pigs across the country showed a fluctuating downward trend. Slaughtering enterprises took advantage of the opportunity to hold down prices, and the supply tightened. However, farmers were optimistic about the future market. At the same time, the arrival of the Lantern Festival boosted the terminal consumer market.

 

Today, the pig prices rebounded and showed an upward trend in many places.

 

After the festival, pork consumption entered the off-season, and people's consumption demand for pork was not high. The price of pigs across the country showed a fluctuating downward trend. Slaughtering enterprises took advantage of the opportunity to hold down prices, and the supply tightened. However, farmers were optimistic about the future market. At the same time, the arrival of the Lantern Festival boosted the terminal consumer market.

 

Recently, Chinese big pig company New Hope said that the price of pigs has fluctuated greatly, and it can be divided into two perspectives to judge the price of pigs in 2023.

 

On the consumer side, it is expected that the consumer side will be significantly better in 2023 than in 2022. In 2022, several major cities, such as Beijing, Shanghai, Chengdu and Shenzhen, suffered from the downturn in consumption due to the epidemic. There should be significant changes in 2023. The consumer side is expected to recover or close to the pre-epidemic level.

 

From the supply side, through the survey of sow supply in various provinces, the survey covers about 10 million sows of more than a dozen large enterprises and more than 2 million sows at small farms. On the whole, the view on the price of pigs in 2023 is neutral and positive. At present, the price of pigs has been affected by the second fattening in the short term, but in the whole year, the price maybe be first low then go high, and in some months maybe be more than 20 yuan/kg.