SunSirs: China Domestic Pig Prices Fluctuated and Moved Forward Last Week (April 15-19)

https://www.chemnet.com   Apr 23,2024 SunSirs

According to the Commodity Market Analysis System of SunSirs, the domestic and international prices of Sanyuan live pigs fluctuated weakly last week, with an average price of 15.12 RMB/kg at the beginning of the week and 15.03 RMB/kg at the end of the week, a decrease of 0.60% during the week.

Entering mid April, the supply-demand game in the domestic pig market has intensified, and the demand for terminal meat market continues to be sluggish. After completing the acquisition task, slaughter enterprises have obvious intentions to lower prices for purchases, and the overall price fluctuation in the domestic pig market is weak.

Last week, domestic corn prices continued to fluctuate weakly, falling by 0.25% during the week, while soybean meal prices continued to fluctuate at a low level and rose by 0.24% during the week. Overall, the cost of breeding and feeding continued to operate at a low level, and pig prices continued to fluctuate and move forward. Currently, the domestic pig to grain ratio is fluctuating around 6.5:1, and the overall pig breeding industry is in a micro profit situation.

SunSirs pig product analyst believes that the supply-demand game in the pig market is still fierce, and in the short term, the domestic pig market prices will continue to fluctuate slightly at the current level.

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