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Since October, pork prices have continued to rebound
Demand rebound
According to data from Wenhua Finance and Economics, as of the close of November 8, the main contract price of live pig futures has risen by 16% since October
"Since October, China’s pork consumption market has seen two changes: one is inherent seasonal changes, as the weather turns colder, market demand has increased significantly; the other is importantly related to the downward trend in pork prices, The price of
“Because the pig price has fallen sharply before October, the stocking period for cured meat demand this year has been advanced
Or overdraft Chinese New Year consumption
Will the rising trend of pork prices continue as the Spring Festival approaches?
In the spot market, the volume of pork in key national markets has dropped significantly recently
Market participants said that recently the demand for sausage and bacon production in the south has shown signs of slowing down, and the volume of slaughter companies has slowed down significantly
According to Lu Pin’s analysis, judging from the slaughter volume of designated enterprises in the country, it has been maintained at more than 20 million heads for six consecutive months, and even exceeded 30 million heads in October.
"The Spring Festival is the most prosperous period of pork consumption, mainly from a large amount of catering consumption and processing and stocking
After the Spring Festival, there may be a second bottom
As the price of pigs rebounded sharply, the price ratio of pigs to food has reached 6.
On November 4, a relevant person from the Ministry of Agriculture and Rural Affairs stated that it is expected that from the fourth quarter of this year to the first quarter of next year, the number of fat pigs on the market will increase significantly year-on-year, and the relative oversupply of live pigs will continue for some time
"Most pig farmers with better cost control can basically achieve breakeven at current prices
"Pork prices may remain range-bound before the Spring Festival.
