Hog and Feed Market Price Change

1.1.1 Pig prices in October

The average price of hog was 36.46 yuan/kg nationwide, increasing by 31.52% month on month and increasing by 161.78% year on year. Piglet prices were 63.46 yuan/kg, increasing by 19.01% month on month and increasing by 153.66% year on year. Wholesale prices were 46.43 yuan/kg, increasing by 27.02% month on month and increasing by 136.53% year on year respectively.
The prices of compound feed for fattening pigs were 3.07 yuan/kg, increasing by 0.77% month on month respectively， increasing by 0.77% year on year respectively.

1.1.2 The weight of pigs for slaughtering increased in October.

In October, the weight of hogs for slaughtering averaged 130.43 kg/head in China, rising by 4.72% from last month, up 17.79% year-on-year.
By regions:
Pig prices continued to rise in October, resulting in a high profit of feeding, more and more farmers delayed the selling of fattened pigs, and the average weight of pigs sold nationwide increased to some extent.
Prediction for November: Farmers are optimistic on future pig prices, and have a strong intention of delaying pig marketing. It’s estimated that the average weight of pigs for selling will continue to rise. 

1.1.3 It’s expected that pig prices will continue to rise in November.

At present, local cities and provinces have issued policies to control pork prices, but they actually have little effect due to short supply of pigs. The national pig price has increased to 36.46yuan/kg in October, a month-on-month growth of 31.52% and a year-on-year growth of 161.78%. In many southern provinces, pig prices have broken through 40yuan/kg.
 
Prediction on pig price in November:
The retail price of pork in China has increased to 55yuan/kg at the end of October, which has exceeded the acceptable price of most residents. According to our survey, most pork vendors said that pork consumption has started to decline recently. In a short time, pork consumption  is expected to fall continuously. In a longer term, pork consumption will rebound in late November as the Spring Festival is coming and residents may accept the high pork price to some extent, driving up pig prices.
It’s estimated that pig prices will further rise to 41-43yuan/kg, averaging over 40yuan/kg in November.
 
Piglet prices continue to rise:
In the first half of 2019, a large number of sows died and were eliminated. At present, piglets in market are seriously insufficient, and piglet supply is relatively tight. It’s predicted that piglet prices will continue to rise in November.