Today’s national pig price: continue to soar into the sky, pig price up to 18.97 yuan / kg
With the arrival of the cold wave, the north ushered in heavy snow, pork consumption rose sharply, and pig prices continued to rise today. According to the monitoring of many pig data, the national foreign three-yuan pig price on November 8 was 17.2 yuan / kg, up 0.08 yuan / kg from yesterday. From the pig price data of 31 provinces and cities across the country, today’s national pig price trend of 23 up 7 down 1 flat, the decline area is mainly North China and southwest China, most of the pig prices in other regions are rising, and some areas are up and down.
Specifically, among the pig prices in various provinces and cities today, the average daily increase was Beijing, with a price of 17.43 yuan / kg, up 0.46 yuan / kg from yesterday. At present, the highest pig price in the country is Sichuan Province, with a price of 18.97 yuan/kg, and the lowest is Xinjiang, with a price of 15.35 yuan/kg. The national pig price reaches more than 9 yuan in 4 regions: Sichuan, Chongqing, Zhejiang and Guangdong.
Pig prices soared again, mainly supported and driven by short-term consumption
A few days ago, Chen Guanghua, deputy director of the Bureau of Agriculture and Rural Animal Husbandry and Veterinary Medicine, said that the recent recovery in pork prices is mainly due to consumption. The recovery in hog prices was mainly due to the rise in pork prices. Liu Tong, head of the statistics department of Beijing Xinfadi, also said that recently, pork prices have risen sharply, in early October, pork prices bottomed out, the lowest price was as low as 17.77 yuan / kg, in less than a month, today’s pork prices have risen to 23.9 yuan / kg, an average monthly increase of 34.5%. The reason why pork prices have risen so fast is mainly driven by consumer demand, especially residents making enemas, bacon, hoarding meat and other behaviors have accelerated the purchase of pork, and due to the low price of pork in the early stage, slaughtering enterprises have not done more pork stocking and storage in advance, which has caused the rapid rise in pork prices.
Looking back at the trend of pig prices in the past month, every rise in pig prices has a stretch of consumption, first of all, the official frozen pork storage and storage boost, the beginning of this pig price rise also benefited from this, followed by the bottom of pork prices to stimulate household consumption, ultra-low pork prices directly make enemas, bacon and other traditional foods production time advanced, and then rise during the weather, epidemic and other emergencies, heavy rain, heavy snowfall affect pig supply, epidemic stockpiling to increase pork consumption, pig prices have bottomed out between this liter, The height of the rebound was beyond everyone’s expectations.
The market is relatively loose and the price increase is not sustainable
A few days ago, the Ministry of Agriculture and Rural Affairs released the latest data on pigs, which mentioned that in October, the number of pigs slaughtered reached 30.23 million, an increase of 111% year-on-year. From the perspective of pork supply, according to the statistics of the National Bureau of Statistics, the national pork output in the first three quarters was 39.17 million tons, a year-on-year increase of 38%. From this, we can see that the overall market supply in the fourth quarter is relatively loose, and the situation of relatively excessive pig supply will continue for some time. The rise in pork prices due to the boost in consumption is also short-lived, and pork prices will soon return to normal due to sufficient pork supply, and the support for another sharp rebound in pig prices in the fourth quarter is insufficient.
Pig prices rose more than the industry expected, and even Makihara shares were unexpected, and in early October, Makihara sold commercial pigs at ultra-low prices, so it failed to eat the dividends of this wave of the market. According to our analysis above, as the price of pork soars and falls, then the pig price may enter a state of adjustment of ups and downs, at present, farmers who have not yet been slaughtered seize the opportunity, follow the trend out of the slaughter, persist for a long time, and finally get a return.