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09

2023

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02

The Price of Pigs Continued to Rise Slightly Today

Source:

OIG+X

Some small farmers are still reluctant to sell, and the news of state reserve boosted the pig price. However, as the supply is strong and the demand is weak, and the sells volume of pork is still relatively small, so the rise of pig prices is limited.

 

Some small farmers are still reluctant to sell, and the news of state reserve boosted the pig price. However, as the supply is strong and the demand is weak, and the sells volume of pork is still relatively small, so the rise of pig prices is limited.

 

The Spring Festival holiday has ended. In the first ten days of February, most enterprises have resumed work and production, and students from universities have returned to school. The work rate of pig slaughtering enterprises and processing enterprises gradually rise, stimulating the new purchasing demand for pigs. However, since pork consumption has entered the post-holiday period, in the short term, people's pork consumption will be mainly about the consumption of old date products that stored before the Spring Festival.

 

The new purchasing demand is low in the first half of February, therefore, the pork sells of slaughtering enterprises are also at a low point. On the supply side, the number of pigs sold is generally low, and some farmers are reluctant to sell when they have good expectation on the price of pigs in the first half of the year.

 

It is estimated that in February, the price of big pigs will fall first and then rise. The probability of the price rising in the second half of February to May is generally high.