On June 8th, Huachu.com issued the Notice on Matters Related to the Bidding Transaction of the Eleventh Batch of Frozen Pork Reserved by the Central Government in 2022, saying that pork storage will be conducted again on the afternoon of 10, and the bidding transaction for this storage and listing is 40,000 tons.

On June 2nd, before the Dragon Boat Festival holiday, in 2022, the tenth batch of central reserve frozen pork was collected and stored. According to the final transaction result, in 2022, the tenth batch of frozen pork in the central reserve is planned to store and store 40,000 tons or more, and the final actual transaction is 0.900 tons, with a transaction rate of 2.25%.

The first part of centralized purchasing and storage, pig prices rose steadily.

This year, the central reserve of frozen pork is frequently purchased and stored in large quantities, mainly to show the government's attitude towards pig enterprises, to prevent excessive production reduction and industry recession of pig enterprises, to prevent prices from falling, and to further stabilize the market.

When a large number of auctions occur, and some people even think that purchasing and storage will be suspended, a large number of purchasing and storage plans will be launched. On the one hand, it shows that the bottom of the pork market cycle is still fragile and needs careful care. On the other hand, it is also testing the relationship between supply and demand in the market and consolidating the bottom of the cycle through various means.

Some insiders believe that the auction of purchasing and storage shows that the current pork price has gradually stabilized and has stepped out of the bottom of the price. It also shows that the market is full of expectations for the start of the new pig cycle and optimistic about the consistency of the medium and long-term market.

On the other hand, the high auction rate shows that the elimination of its own production capacity is enough to cause changes in the pattern of supply and demand.

According to public information, up to now, in 2022, China has started ten batches 13 of central reserve frozen pork storage, with a planned reserve of 398,000 tons and an actual transaction volume of 99,900 tons, with an overall turnover rate of 25. 1% and an overall auction rate of 74.9%, showing a high storage frequency, planned reserve and auction rate.