MySheen

The market worsened and the price of live pigs fell below 10 yuan per jin.

Published: 2024-02-23 Author: mysheen
Last Updated: 2024/02/23, [major turning point! # Pig price fell below 10 yuan per jin #, profit hit a new low in recent two years! Recently, the news that the price of pork in Henan pork market is less than 10 yuan / jin has been brushed on the screen. After being shackled by high prices for more than a year, the meat-eating party is finally welcoming the freedom to eat meat again. Consumer enjoyment

On May 28, pig prices fell across the board, and pig prices in many places fell below 8 yuan. when will they rebound? Here comes the answer [thinking]

The current decline in pig prices is a normal market regulation, and it is not normal for pig prices to soar in the early stage. With the gradual recovery of domestic pig production capacity, the decline of pig prices is also an inevitable process. According to industry statistics, the number of live pigs reached 416 million in the first quarter, which is close to the normal level of previous years. The number of breeding sows reached 43.18 million, an increase of 23% over the same period last year and 97% of the 17-year level. Pork supply has increased by 30% compared with the same period last year, and pork supply has changed from tight to loose, which is also the main reason for the decline in pig prices.

On the other hand, it belongs to the off-season of traditional pork consumption after the year. Due to the decline in pork consumption in the market and the lack of support for rising pork prices, pig prices will fall to a certain extent at this time of year, and the market almost belongs to a low point of pig prices throughout the year. Because of the decline in market consumption, the reduction of orders from butcher enterprises, and the low enthusiasm for pig acquisition, pig prices will naturally fall. What is different this year is that the soaring pig prices in the early stage have gone to the heads of some pig farmers. Because they are used to the previous profits of two or three thousand yuan, they cannot accept the decline in pig prices, and mistakenly predict the market in the future. I think pig prices will rise again.

With the end of the bull-pig sell-off, there is still some chance for the market to rebound. Not to mention the current decline in meat prices, pork consumption in the market has shown signs of recovery, pig prices have long fallen below the breeding defense line, once the bottom is firmly built, the anti-price mentality of the breeding end will rise again, coupled with the consumption stimulus of the Dragon Boat Festival, pig prices may usher in a market rebound in mid-June.

Recently, the news that the price of pork in Henan is less than 10 yuan / jin is brushed on the screen. After being bound by high prices for more than a year, the "meat-eating party" is finally welcoming the freedom to eat meat again. While consumers enjoy cheap meat, the pig farming industry has also broken away from the previous profiteering market. Nowadays, the profit of raising pigs has reached a new low in the past two years, and the self-breeding model is nearing the cost line. According to Zhuang Chuang statistics, since the beginning of March, domestic pig prices have briefly risen and entered a continuous decline cycle. By the end of March, domestic pig prices had fallen to 24.76 yuan / kg. After entering April, the decline increased significantly. The decline reached 3.92 yuan / kg in just 10 days. Since April 12, the pig has fallen below 18 yuan / kg.

 
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