Knowledge

To provide the latest market news and hold online & offline events to assist you being well-informed and making decisions.

19

2022

-

10

China’s Domestic Market Pig Price Analysis

Source:

OIG+X

On Oct 18, 2022, the daily average price of the big pigs in the mainstream market of China rose, which was 27.83 yuan per kg, up 0.07% compared with yesterday.

On Oct 18, 2022, the daily average price of the big pigs in the mainstream market of China rose, which was 27.83 yuan per kg, up 0.07% compared with yesterday.

 

As the temperature dropped, the consumption gradually improved, and the price of large pigs was relatively strong. The breeding end was optimistic about the market, and kept fattening the pigs. Besides, the large scale farms raised the price, so the purchase of pigs was not smooth, and the price of pigs rebounded slightly. However, high meat prices also in turn limited consumption, in some regions, pig prices were even declining.

 

It is predicted that there will be a short-term moderate price control for the pigs price in mid Oct. However, with the hog supply shortage and high expectations of small and medium-sized breeding farms, there exists a high probability for prices surging again in late Oct. It's expected that the trend will be overall bullish in Nov, Dec and Jan (before the Spring Festival) and may be more prominently in Q4.