After entering June, pig prices showed a trend of shock and adjustment.

Post-holiday consumption support is insufficient, and slaughterhouses are not in a high mood to collect pigs; however, farmers have bullish expectations for the market outlook, and the market supply and demand game is obvious, and the tug-of-war continues.

Please see the following analysis for the specific situation:

1. Analysis of local market conditions:

Today, the national pig price showed a steady but declining trend, but slaughterhouses still have The phenomenon of collecting pigs at low prices.

Looking by region:

Pork prices in the northern region remained stable but slightly decreased.

The price of Sanyuan pigs outside Heilongjiang fell by 0.1 yuan/jin, and the mainstream price was 7.5-7.9 yuan/jin; Jilin was stable, and the mainstream price was 7.6-8.1 yuan/jin; Liaoning fell by 0.1 yuan/jin, and the mainstream price was 7.6-7.6 yuan/jin. 8.0 yuan/jin.

Downstream products are not selling well, and slaughtering companies generally suffer losses and are resistant to collecting pigs at high prices. However, farmers are still willing to raise prices, and the game between supply and demand in the market is obvious.

The southern region is mainly weak and stable.

The price of Sanyuan pigs in Chongqing fell by 0.1 yuan/catty, with the mainstream price at 7.6-7.9 yuan/catty; Sichuan was stable, with the mainstream price at 7.7-8.0 yuan/catty; Yunnan was stable, with the mainstream price at 7.2-7.5 yuan/catty. ; Guizhou fell by 0.1 yuan/jin, and the mainstream price was 7.6-7.9 yuan/jin.

Consumption is running weakly, ITB sales are not smooth, and the consumer side is negative for market trading.

2. Baitiao and pork price data information

According to Quqingbao, the wholesale price of Baitiao in the national wholesale market does not fluctuate much today.

Affected by the COVID-19 epidemic and hot weather, the digestion of pork is poor, traders are cautious in receiving goods, and high-priced white bars are shipped slowly.

The price of white-striped pigs in Xinfadi, Beijing, is 9.0-10.0 yuan/catty, the same as yesterday; the rear rump tip is 9.5-10.0 yuan/catty, a supplementary increase of 0.5 yuan/catty from the low price.

Pork belly is 8.5-13.5 yuan/jin, with the highest price being 14.0 yuan/jin, with little fluctuation.

3. Pig futures progress:

On June 9, the opening price of the main pig futures contract was 18,680 yuan/ton, and the closing price was 18,725 yuan/ton, up 0.03%.

The settlement price is 18,740 yuan/ton.

The conflict between the weak demand after the holiday and the bullish expectations of farmers is obvious, and the market has fluctuated and adjusted.

Theoretically, if the number of pigs slaughtered gradually decreases, the bottom support of the market will still exist.

4. Views on the market outlook for live pigs

Demand performance was relatively weak after the Dragon Boat Festival, and the slaughter volume of slaughterhouses declined slightly.

Weak consumption continues to constrain the rise of pig prices. With no obvious positive boost from consumption, it is expected that pig prices will hardly improve significantly in the near future.

丨Source: Zhinongtong Quotebao丨Original author: Li Haiyan

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