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In mid-March, the national price of live pigs (external ternary yuan) fell below 12 yuan/kg.
A reporter from China Securities News learned that pork is an important category in the "vegetable basket", and local and central reserves have carried out the purchase and storage of frozen pork many times to ensure stable supply of live pigs and stable prices
Pig prices are likely to bottom in the second quarter
According to data recently released by the National Bureau of Statistics, the national price of live pigs (external three yuan) was 11.
"In the past, the starting time of the pig cycle was usually in the second quarter
According to statistics from the Ministry of Agriculture and Rural Affairs, the number of fertile sows will start to decline after reaching a high point in June 2021.
According to the law of live pig breeding, the number of fertile sows 10 months ago determines the current level of live pigs
"In each round of the pig cycle, the pig farming sector generally goes through two typical rising stages, which appear at the end of the current pig cycle and after the start of the new pig cycle
Stable production confidence in many aspects
After the Spring Festival this year, the local and central reserves have carried out the purchase and storage of frozen pork for many times.
On March 22, the Ministry of Agriculture and Rural Affairs held a departmental coordination meeting and pointed out that the current price of live pigs has entered a downward period of the cycle, and it is necessary to accurately implement the regulation of live pig production capacity and the adjustment of frozen pork purchase and storage to promote the stable and healthy development of live pig production
It is worth mentioning that after the launch of live pig futures of DCE, it has played an active role in escorting live pig companies to discover market prices and avoid spot market price risks
Jiang Guojin, chairman of COFCO Jiajiakang Food Co.
Qin Jun, secretary of the board of directors of Muyuan, said that China's hog industry has long lacked a price discovery mechanism to guide market development.
"After the listing of live pig futures, together with soybean meal, corn futures and options, we have provided us with a price management risk tool system covering the entire industry chain
