Hog prices were 31.73 yuan/kg in this week, increasing 7.56% from last week

(1) On June 5, 2020, the factory price of carcass averaged 39.70 yuan/kg in 36 large and medium-sized cities, up 5.17% month-on-month. The wholesale price of pork was 41.03 yuan/kg, up 6.16% month-on-month. The retail price of pork averaged 49.17 yuan/kg, increasing by 0.49% from the previous month.
 
Hog prices are 31.73 yuan/kg in this week, increasing 7.56% from last week. The highest price was 35.10 yuan/kg in Hainan, while the lowest price was 29.30 yuan/kg in Heilongjiang.
 
The average weight of hogs for slaughtering is 132.16 kg/head in this week，down 0.19% from last week. 
 
The Ministry of Agriculture and Rural Affairs carried out a 60-day special rectification of illegal transport of pigs from April 1 to June 1. With the ending of the rectification activity, the number of hogs transported from the North to the South increased to some extent in this week, significantly driving pig prices in the North. From the perspective of slaughterhouses, the order of carcasses declined, and they have a strong will of forcing pig prices down. It’s expected that pig prices will fluctuate next week, seeing a slight growth overall.