A small rebound in pig prices is expected in the second half of the year

By CnAgri2018-04-27 15:19:33 Print Since the Tomb-Sweeping Day, domestic hog price has been adjusted around 10.2 yuan/kg, which is lower than the industry cost of 13 yuan/kg, and hog farming industry has fallen into full loss.
According to the statistics of the Ministry of Agriculture and Rural Affaires, in March, China's inventory of hogs stood at approximately 358 million head, an increase of 1.4% over the previous month, and the supply of hogs was adequate. At the same time,According to BOABC’s monitoring, the weekly weight of hogs for slaughtering has been increasing since the beginning of March and has now reached 117.86 kg/head, an increase of 1.6%. Currently, As the inventory of hogs has rebounded, and the average weight of hogs for slaughtering is increasing continuously. It is expected that pork production will remain surplus in the short term, and hog prices will continue to oscillate at a low level.
Current decline in piglet prices means that the enthusiasm for restocking is decreasing, and the growth momentum of hog slaughter in six months later is obviously insufficient, so it’s impossible for hog prices to drop sharply, and there is no lack of rally.