In April, the domestic pig market fell into a downward channel, and the weak performance of market supply and demand was more prominent, and pig prices will continue to fluctuate and go down!
In terms of the main hog contract, as of noon on April 17, hog 2405 showed a downward rebound trend, quoted at 14725 yuan / ton, up 0.96%. The 2407 contract was quoted at 16,385 yuan/ton, up 0.92%, the 2409 contract was quoted at 17,835 yuan/ton, down 0.22%, and the 2411 contract was quoted at 17,945 yuan/ton, down 0.42%......
At present, the market for the forward pig price bullish sentiment slightly loosened, 2411 contract price less than 18,000 yuan / ton, the market for the third quarter pig price bullish mentality has weakened!
On the one hand, institutions generally believe that in March, the sow herd or will stop falling and rebound, which may have a long-term pig price prospect or have a certain impact, in particular, there is a significant impact on the slaughter of pigs after 10 months, and the market's bullish outlook mentality has weakened;
On the other hand, the south has entered the rainy season, and the market's concerns about the risk of pig disease in the rainy season have decreased slightly, and some institutions believe that if there is no obvious pig disease in the south during the rainy season, then the prospect of pig prices at the end of the year needs to be more cautious!
In terms of the 2405 contract, although the price has stopped falling and rebounded, the price is still not as good as the current spot level, and the market is mainly weak in the outlook for pig prices in May!
Recently, as the temperature continues to rise in the north and south, the market for the acceptance of fat pigs has gradually deteriorated, the market trend of fat pigs is weak, and the price inversion phenomenon in many places is becoming more and more obvious.
In terms of secondary breeding, the second breeding is not confident in entering the stage, in particular, the price of standard pigs is relatively firm, and the mentality of short-term pressure on the breeding end of the standard pig is still strong, and the risk of entering the second breeding at a high price has surged, and the wait-and-see mentality is strong!
Therefore, by the stage of breeding end of the large pig subscription increase, the second breeding support weakened, superimposed, the lack of substantial consumer demand, the temperature warmer further negative pork consumption, the north and south of the country, the slaughterhouse operating rate slightly downward, the reduction of the pig mentality gradually warmed up, the market has strong supply and weak demand pressure, in the short term, pig prices will still fluctuate downward!
According to the analysis of institutional data, the slaughtering enterprises adjusted the price of pigs, it is expected that on April 18, the price of three-yuan lean pigs outside the country is about 14.98 yuan/kg, and the pig price continues to be stable and weak.
Attached: On April 18, pig prices in all provinces and cities across the country!