Pig prices in China, January 2023

Published 2023년 1월 30일

Tridge summary

In 2022, China experienced a significant downturn in pig prices, with costs per kilogram falling to 11.98 yuan in March, leading to substantial financial losses for producers. This period of loss extended back to the second quarter of 2021. However, starting in April, prices began to recover, reaching a peak of 28.46 yuan per kilogram in October. Despite reports of recovered production and stable supply, the price increase was attributed to decreased production due to liquidations. In December, China lifted pandemic control policies, resulting in a drop in pig prices due to decreased demand. Despite these challenges, there was an increase in pig prices leading up to the Lunar New Year, indicating a potential recovery in consumer demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Looking back at China pig prices in 2022, slaughter pig prices dropped from 16 yuan/kg in January to a low of 11.98 yuan / kg March 18, 2022. During this time China producers were losing huge sums of money ranging from $50 (340 yuan / hd.) to $175 (1000 yuan / hd.) depending on upon actual costs of production and financial indebtedness. Compounding the situation was the fact that producers were losing money going back to the second quarter of 2021. Starting in April 2022 China producers saw a welcomed upward trend gradually turning losses into profit. Our contacts had been reporting liquidations starting back in July 2021, and we predicted these liquidations would lead to fewer pigs coming to market beginning in April 2022 and higher prices, Sure enough pig prices started moving upwards in April 2022 despite public reports that China production had fully recovered, and supply was stable. In June, slaughter pig prices increased from 16.4 yuan / kg., (S1.10 / lb.) to 17.96 yuan / ...
Source: Thepigsite

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