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On September 15, the main contract of 2201 live pig futures on the Dalian Commodity Exchange closed at 14110 points, a new low
Increased supply and downturn in consumption
"The increase in supply and the sluggish consumption have caused the prices of live pigs and pork to fall again
From the perspective of weekly prices, the price of live pigs in the 500 bazaars monitored by the Ministry of Agriculture and Rural Affairs has rebounded to 15.
Zhu Zengyong believes that the pig price continues to fall sharply and the reasons should be found from both the supply and consumption aspects
From the perspective of domestic supply, the number of live pigs for slaughter increased sharply year-on-year for three consecutive months, surpassing the peak consumption during the Spring Festival this year
In terms of imports, pork and other meats are imported in large quantities, and their prices remain low
From the perspective of consumption, affected by factors such as the new crown pneumonia epidemic, the boost in pork consumption demand in August was limited, and there was no seasonal and effective increase in pork consumption as usual
Farming losses expand again
At the Beijing Xinfadi agricultural product wholesale market, experienced dealers will pay attention to the "open pound price" and "pound pound price" of white striped pigs
"Pork prices have fallen sharply recently, and this has something to do with the speeding up of slaughter farms,
National live pig prices have fallen for 6 consecutive weeks, and pork prices have fallen for 8 consecutive weeks.
Zhu Zengyong told reporters that affected by the fall of live pig prices, the price ratio of pigs and food determined by the National Development and Reform Commission dropped from 5.
Limited purchase and storage boost
In accordance with the "Improving the Government Pork Reserve Regulation Mechanism and Doing a Good Job in the Pork Market to Guarantee Supply and Stabilize Prices", the National Development and Reform Commission issued a message on August 30 that the state will resume pork reserve purchasing and storage in the near future, and pork purchasing and storage in many places has already begun
“There is no shortage of pigs or meat at present
Regarding the market outlook, Zhu Zengyong said that the pig price in the fourth quarter of this year will remain sluggish and may improve in the second half of 2022
