The May Day holiday came to an end, and the national pig market made waves again. On the last day of the holiday, hog prices ushered in a dramatic change, reversing the previous rally and starting to fall sharply. Not only the decline in pig prices in North China, East China and Northeast China, but also in Central, Northwest and Southwest China, pig prices have generally dropped by about 0.2-0.5 yuan, which also makes many farmers face the pressure of shrinking profits. The fall in pig prices is not only wide, but also large, for pig farmers and related enterprises, it is necessary to pay close attention to market dynamics and flexibly adjust business strategies to cope with market uncertainty. So how much is the price of live pigs now? Next, let's take a look at the forecast of live pig prices in May 2024.
How much is the price of a pig a pound now?
Fragrant pig: 17 yuan/jin of fragrant pig in Pengze County, Jiujiang City, Jiangxi Province, 15 yuan/jin of fragrant pig in Yongxiu County, Jiujiang City, Jiangxi Province, 16 yuan/jin of fragrant pig in Le'an County, Fuzhou City, Jiangxi Province, 15.5 yuan/jin of fragrant pig in Dong'an County, Yongzhou City, Hunan, 12 yuan/jin of fragrant pig in Lingling District, Yongzhou City, Hunan Province, 14.5 yuan/jin of fragrant pig in Luohu District, Shenzhen City, Guangdong, 18 yuan/jin of fragrant pig in Lianzhou City, Qingyuan City, Guangdong.
Big white pig: Bobai County, Yulin City, Guangxi Province, big white pig 8.1 yuan/jin, Bijie City, Guizhou Province, Weining Yi Hui and Miao Autonomous County, big white pig 7.7 yuan/jin.
Black pig: Pingshan County, Shijiazhuang City, Hebei Province, black pig 8.2 yuan/jin, Hunan Changsha City, Wangcheng District, black pig 12 yuan/jin, Xiangtan City, Hunan Province, Xiangtan County, Hunan Province, black pig 11.8 yuan/jin, Huidong County, Huizhou City, Guangdong Province, black pig 12 yuan/jin, Bobai County, Yulin City, Guangxi Province, black pig 8.8 yuan/jin, Rong County, Yulin City, Guangxi Province, black pig 8.3 yuan/jin, Sichuan Yibin City, Yunlian County, black pig 14.8 yuan/jin.
Hybrid pigs: 7 yuan/jin for hybrid pigs in Junan County, Linyi City, Shandong Province, and 7 yuan/jin for hybrid pigs in Yangchun City, Yangjiang City, Guangdong.
Native pigs: 15 yuan/jin of Jiangxia District, Wuhan City, Hubei Province, 12 yuan/jin of Cili County, Zhangjiajie City, Hunan, 7.7 yuan/jin of Lingshan County, Qinzhou City, Guangxi, 7.3 yuan/jin of Bobai County, Yulin City, Guangxi, 9.6 yuan/jin of Rong County, Yulin City, Guangxi, 8 yuan/jin of Bishan District, Chongqing City, 7.8 yuan/jin of Weining Yi Hui and Miao Autonomous County, Bijie City, Guizhou Province, 8.2 yuan/jin of Wudu District, Longnan City, Gansu Province.
Landrace pigs: Changbai pigs in Yishui County, Linyi City, Shandong Province are 8.5 yuan/jin, and Changbai pigs in Bobai County, Yulin City, Guangxi Province are 8.2 yuan/jin.
Sanyuan pig: Sanyuan pig in Yishui County, Linyi City, Shandong Province is 8 yuan/jin, Sanyuan pig in Junan County, Linyi City, Shandong Province is 7 yuan/jin, Sanyuan pig in Furong District, Changsha City, Hunan Province is 7.4 yuan/jin, Sanyuan pig in Yangchun City, Yangjiang City, Guangdong Province is 7.5 yuan/jin, Sanyuan pig is 8.3 yuan/jin in Bobai County, Yulin City, Guangxi, Sanyuan pig is 7.5 yuan/jin in Qingzhen City, Guiyang City, Guizhou, and Sanyuan pig is 7.9 yuan/jin in Weining Yi Hui and Miao Autonomous County, Bijie City, Guizhou.
Note: The above prices are all from the Huinong.com origin quotation hall, not retail prices, for reference only. In addition, the price of live pigs will be affected by various factors such as supply and demand, origin, breed, etc., please refer to the actual local quotation.
What are the reasons for the drop in hog prices?
1. Sudden increase in market supply
The rise in pig prices in the past few days has stimulated farmers to accelerate the slaughter, resulting in a sharp increase in market supply in the short term, and this oversupply situation has directly affected the stability of the overall pig price.
2. Farmers are slaughtered at an accelerated pace
In the face of price fluctuations and market uncertainty, some farmers choose to accelerate their slaughter to avoid possible greater losses in the future, which further amplifies market supply.
3. Changes in consumer demand
As the temperature gradually rises in May, the demand for meat consumption should increase, but due to the continuous rise in prices in the early stage, some consumers have begun to pursue more economical alternatives, such as poultry meat, resulting in a decline in demand for pork and a certain degree of imbalance in the market supply and demand.
4. Progress in breeding technology
With the standardization of management and the continuous improvement of breeding technology, the pig breeding cycle is shortened, the reproductive efficiency of fertile sows has been improved, and more supply has been added to the market.
5. Policy factors
Some regions have taken temporary control measures in response to price fluctuations, aiming to maintain market order and stabilize market expectations, which also directly affects the trend of short-term pig prices.
Forecast of hog price trend in May 2024
At the end of the May Day holiday, the domestic pig market showed a trend of "first rising and then declining". The emergence of this situation is not only affected by the disappearance of the festival effect, but also reflects the dynamic changes in the relationship between supply and demand in the market. In the first half of the May Day holiday, the number of orders of slaughtering enterprises increased, the festive atmosphere became stronger, consumer demand was boosted, and the downstream white strips were accelerated, and some slaughtering enterprises had the operation of guaranteeing the quantity and raising the price, and the breeding end of the slaughter plan was less, and the pig price had strong support in a short period of time!
Therefore, based on many factors in the market, pig prices are under pressure to fall, but there is a new change in the market! From the grassroots feedback, in Central China and East China, affected by the early pig farm disease, the pressure on the breeding end is not large, the group pig enterprises have a certain card price slaughter phenomenon, retail pig farms have a certain mentality of reluctance to sell at a high price, and the difficulty of slaughtering enterprises has increased slightly!
Nowadays, the pig market bearish, bullish and stable mentality coexists, however, due to the pressure on the supply of fat pigs, consumption returns to the off-season, it is expected that pig prices will still be weak, it is recommended that farmers pay close attention to the changes in market supply and demand and the dynamics of large-scale farms, and choose to slaughter in batches in a timely manner to reduce the risk of loss. At the same time, it is also necessary to strengthen feeding management and improve the survival rate and quality of pigs to cope with the current market situation.