Entering the second half of April, the bullish mentality of the pig market gradually heated up, supported by the group's pig enterprise shrinkage and price, the pig price ended the situation of continuous decline in the middle of the year, however, due to the limited support of the market, the rebound of pig prices is relatively weak, and the price is mainly weak and stable!
According to the latest news, on April 22, the domestic pig contract quotation showed a comprehensive upward trend, the recent 2405 contract price of live pigs was 14740 yuan/ton, up 25 yuan/ton, the 2407 contract rose 25 yuan, the price was 16345 yuan/ton, the price of the 2409 contract rose 60 yuan, up to 18080 yuan/ton, and the price of the 2411 contract was 18190 yuan/ton, up 65 yuan/ton......
Previously, the official release of the pig production capacity data at the end of the first quarter, the much-watched sow herd fell sharply to 39.92 million, and the cumulative reduction of sow inventory was 3.98 million heads, a decrease of about 9.07%!
By the sow inventory adjustment and after July last year, domestic pig prices continued to fall, the breeding end accelerated the process of production capacity, rationally, into the third quarter of 24, the fundamentals of pig purchase and sales or will be reversed, which will also support the trend of rising pig prices in the third quarter, mainstream institutions believe that pig prices or will show a month-by-month upward trend, the third quarter of the pig price center of gravity or will rise into the "9 yuan era"!
In the near term, due to the price of live pig contract 2405 at 14740 yuan/ton, lower than the performance of spot pig price of 15 yuan/kg, the market is more worried about the downward trend of pig prices in May, but the decline is relatively limited, and the market still has a certain mentality of high prices!
On the one hand, in May, pig prices rose and fell, there were more empty pig farms in the north and south, the market was bullish on the prospects for the third quarter, and the second breeding entry or will increase again, and the phenomenon of some slaughtering enterprises frozen products going to the cargo wheel warehouse may increase, which has certain support for pig prices;
On the other hand, the market is bullish on the prospect of the market, the breeding end of the slaughter strategy is different, small and medium-sized pigs still have the mentality of reluctance to sell to rise, the market pressure phenomenon or will increase, the price of pigs or will be extremely strong, which may have a certain support for pig prices in May!
However, due to the lack of consumption support, the weather is getting hotter, which is not conducive to fresh pork shipments, after the May Day holiday, the inertia of pork sales has declined, and the market fundamentals have weakened, however, the price downward space may be limited!
In the recent market, according to data analysis, the slaughterhouse price adjustment pigs, it is expected that on April 23, the price of foreign three-yuan lean pigs will be about 14.99 yuan/kg!
Pig prices stabilized sideways, pig prices in East China and Central China rose and fell, and the market sentiment deteriorated slightly, however, due to the coming of the festival at the end of the month, the consumption may be gradually cashed in, the pig price lacks the support of the fall, and the market will still run strongly!
Attached April 23 pig price market!