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

Published 2024년 2월 20일

Tridge summary

In 2023, the market saw a general decrease in livestock product prices, with pig and pork prices hitting a historical low due to an oversupply. The average price of live pigs decreased by 19.0% to 15.40 yuan/kg, while pork prices fell by 16.3% to 25.71 yuan/kg. Other livestock products such as beef, mutton, and raw milk also saw a downward trend. However, chicken and egg prices remained relatively stable. Despite a record high in meat production, the continued downturn in prices is expected to slow down the growth rate in 2024. Looking ahead, pig and pork prices are expected to rise slightly, while poultry meat prices will also see a slight increase.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...

Source: Foodmate