China's livestock products market situation in 2023 and outlook for 2024

1. Pigs ​ In 2023, the supply of live pigs in the market will be loose, and pig prices will generally run at a low level. Except for seasonal increases in August and September, they are basically on a downward trend. The average price of live pigs throughout the year is 15.40 yuan/kg, a year-on-year decrease of 19.0%. The price of live pigs has increased since November 2022. It continued to fall from a high level and fell below the cost line in January 2023. During the off-season consumption period after the Spring Festival, pig prices continued to decline, falling to 15.18 yuan/kg in February. In March, pig sources were cut off due to secondary fattening and frozen meat procurement and storage. The price rebounded, rising 2.8% to 15.60 yuan/kg. Since then, it has fallen for four consecutive months. In July, the pig price fell to 14.35 yuan/kg, down 35.3% year-on-year. In May, it began to be lower than the same period last year. In August, it rebounded sharply by 18.6%. %, rose ...