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Pig prices plummeted in the first three quarters. Did they slow down in the fourth quarter?
Release time:
2021-10-12
Pig prices plummeted in the first three quarters. Did they slow down in the fourth quarter?
In the first three quarters of 2021, pig prices plummeted. Although there was a rapid rebound at the end of June and a brief rebound in July, the overall situation of pig prices "falling endlessly" is still unchanged. As of late September, compared with the pig price (37.0 yuan/kg) in mid-January this year, it has dropped by nearly 70%, which can be described as "hip cut.
The industry believes that since the beginning of this year, increased supply and sluggish consumption have led to a continuous decline in pig and pork prices. In addition, there is also part of the reason is that the main body of breeding is constantly pressing the fence, which eventually leads to a high proportion of cattle and pigs and a large weight. With the same number of columns, pork supply will increase by at least 20% or even 30%.
After the end of the National Day holiday, pig prices in most areas ushered in a stable market, which also brought a glimmer of hope to the majority of farmers. Then, under the effect of consumption rebound and the boost of purchasing and storage, the price of pig consumption in the fourth quarter should be improved? We believe that this round of pig price increases is not sustainable, because the national pig production capacity has been fully restored, and the number of live pigs for 3 or 4 consecutive months has surged year-on-year, and the situation of strong supply and weak demand has long been formed, even in the fourth quarter consumption peak season.
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