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Economy

Pork prices picked up in the short term, the market supply was loose, and the fundamentals remained unchanged

2021-11-05   

According to the data of the National Bureau of statistics on November 4, according to the monitoring of the market prices of 50 important means of production in 9 categories in the national circulation field, the prices of 22 products increased, 27 decreased and one remained flat in late October 2021 compared with mid October. Among them, the price of live pigs (foreign three yuan) was 15.8 yuan / kg, up 23.4% month on month. Insiders pointed out that the recent rebound in pork prices is mainly driven by consumption, and the fundamentals of relatively loose market supply have not changed. Recent monitoring data from the Ministry of commerce also showed that from October 18 to 24, the national market price of edible agricultural products increased by 4.3% over the previous week (the same below). Meat prices rose overall, of which the wholesale price of pork was 19.47 yuan per kilogram, up 9.7%. Chen Guanghua, deputy director of the animal husbandry and Veterinary Bureau of the Ministry of agriculture and rural areas, introduced on November 4 that the fourth quarter entered the peak pork consumption season, the market price has rebounded, and has stabilized in shock in recent days. According to the monitoring of the Ministry of agriculture and rural areas, on November 3, the national average price of live pigs was 16.04 yuan per kilogram, slightly higher than the breeding cost line, and the breeding loss was alleviated. Data show that in September, 25.09 million pigs were slaughtered by slaughtering enterprises above Designated Size, a year-on-year increase of 95.2%. In October, the number of slaughtered pigs reached 30.23 million, a year-on-year increase of 111%. In terms of breeding, since March, the number of newborn piglets in national pig farms has been more than 30 million per month, and has continued to grow. These piglets can be listed after six months of fattening. It is expected that the number of fat pigs listed will increase significantly year-on-year from the fourth quarter of this year to the first quarter of next year, and the situation of relative excess supply of live pigs will continue for some time. At present, the number of fertile sows in China is still 6% more than the normal number, and it is expected that it will not be adjusted to a reasonable level until the beginning of next year. Li Chao, chief economist of Zheshang securities, said that after the National Day holiday, pork prices began to stop falling and rebound. On October 10, the Ministry of Commerce and other departments collected and stored 30000 tons of central reserve pork. At the same time, farmers became more and more worried about carrying the price, which promoted the rise of pig price. In addition, with the decrease of temperature, residents' demand for pork gradually warmed up, and many regions began to carry out sausage filling and other activities in advance. However, on the whole, the relative surplus of pig supply will continue, and the number of fat pigs listed from the fourth quarter of this year to the first quarter of next year will increase significantly year-on-year. "It is suggested that the majority of farmers arrange the slaughter of live pigs in an orderly manner. Do not blindly press the post market market market because the current pig price has picked up, and do not rush to expand production capacity to avoid large losses in the later stage," Chen Guanghua said. (outlook new era)

Edit:Ming Wu Responsible editor:Haoxuan Qi

Source:jjckb.cn

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