Pork prices: The wholesale price of white striped pigs in the fourth week of October monitored by the Ministry of Commerce changed from falling to rising. The price of live pigs has continued to rise sharply, and the consumption of pork by residents has continued to recover as the temperature drops. Pork prices have risen this week.
Piglet prices: Monitoring data from the Ministry of Agriculture and Rural Affairs showed that piglet prices rose by 1.20% month-on-month last week and fell 76.20% from the same period last year. The average piglet price in 500 rural markets across the country was 22.73 yuan/kg. According to statistics from this website, the price of piglet in yuan dropped to RMB 16.72/kg this Wednesday, and the price of live pigs continued to rise. The sentiment of farmers in replenishment improved slightly. This week, the price of piglets was stable and slightly stronger.
The price of pig food: pig food rose to 5.94 this week, an increase of 0.73 from last week. The price of corn was 2.66 yuan/kg, an increase of 0.04 yuan/kg from last week. This week’s self-reproduction and self-support loss was 234.41 yuan/head, which was a decrease of 254.44 yuan/head from last week’s loss. The harvest time of the new season corn in the main producing areas is delayed compared with previous years, and the overall supply is slightly tight. Processing companies have a rigid demand for replenishment, and traders have increased their wait-and-see attitude towards grain. The winter in the main northern corn producing areas this year is coming earlier than previous years. The new corn harvest season encounters heavy rainfall. The current corn moisture is still high, and the supply of low-moisture high-quality corn is moderately tight. The corn price is expected from late October to early November. The overall trend is moderately strong, and there is a chance for a weaker callback again around mid-November.
Market summary: This week, the overall price of live pigs continued to rise significantly, and there was a short-term correction in the week. At present, the price of pigs in most parts of the south has risen to more than 16 yuan/kg, and the price of pigs in some coastal areas has broken 17 yuan. The price of vegetables has risen rapidly recently, and the retail prices of many vegetables have quickly caught up with the prices of meat products. Residents tend to choose meat products for consumption. In addition, after the rapid increase in the price of live pigs, many consumers worry that the price of pork will rise again in the coming year. Therefore, there has been a situation of early filling of bacon sausages in many areas recently, especially in the southwest region, where the demand for sausage filling has increased significantly. The demand for big fat pigs has increased. In winter, residents’ consumption is biased towards fat pork. In the summer, the price of large fat pigs, which is much disliked in summer, is more expensive than standard pigs. The expectation value of farmers has increased. It is expected that the price of live pigs will continue to be strong in the short term, because the downstream resistance is increasing with the increase in the wholesale prices of live pigs and white strips. It is recommended to look at it rationally and arrange the pace of live pigs for slaughter.
China net sales
China total net sales and commitments
9 more export reports till end of year
To match net sales of 2019 we need 11688 each week
To match commitments we need 93642 each week
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