Accumulation of supply pressure. Although the enthusiasm of the supply side has improved recently, there are still a large number of social pig sources that have not been cleaned up. With the rapid narrowing of the slaughter window, the supply pressure continues to accumulate obviously.

1, the demand is less than expected. There is indeed a large amount of bacon consumption in southwest China, but the peak period is very short, the demand for bacon is obviously less than expected, and the price support is obviously insufficient. In addition, the recent food and beverage consumption continues to be weak.

2. The market sentiment is fragile. In a short period of time, the price of pigs quickly fell from a high level to the vicinity of the cost line of small and medium-sized aquaculture subjects, which led to the fragile and sensitive market sentiment of the supply side and easily led to consistent panic slaughter behavior.