The live pig market continued to fall, the price showed a sharp drop in China

Published 2022년 12월 26일

Tridge summary

The article highlights a significant decrease in live pig prices in China, with a drop of nearly 6 yuan per catty in the past two months, totaling around 11-15 yuan per catty. This decline is attributed to a return to normal pig production levels, an oversupply of pigs due to quality issues, and the ongoing COVID-19 epidemic's impact on the catering industry and economic conditions. These factors have led to a weakened market demand and profit margins for pig breeders. Despite the current downward trend, there is anticipation for a price rebound during the New Year's Day and Spring Festival peak consumption season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the fixed-point price monitoring data of the farm direct reporting platform of the Ministry of Agriculture and Rural Affairs, the price of live pigs has shown a continuous decline in the past two months. It has been close to 15 yuan per catty since mid-to-late October, and has dropped by nearly 6 yuan per catty so far. The price of fattening pigs in our county in the 51st week was only about 9 yuan per catty, which was nearly 40% lower than the highest price in mid-to-late October, while the price of feed raw materials remained high, and the current pig breeding profits have shrunk greatly. According to the analysis, the price of pigs keeps falling. The main factors are as follows: First, because the production of pigs has returned to the normal year level, and the production capacity of pigs is sufficient. Affected by the continuous decline in pig prices, farmers have changed from being reluctant to sell to panic selling. Moreover, the sell-off sentiment is becoming ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.