freeslotswheeloffortune| China Pig Breeding Network: Pig prices may strengthen in May, and supply reduction and demand are improving to help the market recover

Newsletter summary

Pig prices showed an upward trend in MayFreeslotswheeloffortuneThe supply decreases, the demand picks up, and the market prospect is promising. The stock decreased, the number of newborn piglets decreased, the average weight decreased, and the supply pressure gradually decreased. On the demand side, economic improvement led to consumption growth, and demand in the second quarter is expected to be better than that in the first quarter. However, attention should be paid to the improvement of sow performance, the degree of capacity removal, the risk of epidemic disease and the degree of consumption recovery.

Text of news flash

[pig price trend is getting stronger] in May 2024, pig prices showed an upward trend due to the reduction of supply and the improvement of demand.

In April this year, the pig market experienced sawing, game, stalemate and consolidation, and the pig price remained at 16.Freeslotswheeloffortune.00 yuan / kg fluctuates up and down, with no obvious trend. However, as the supply has not reached the point of increase or decrease, the continued weakness of demand keeps pig prices relatively high, and the market expectation of continuous improvement in future supply gradually increases.

According to the Ministry of Agriculture and Village data, the national stock of fertile sows was 39.92 million at the end of March, a decrease of 7.3% over the same period last year, which is in a green and reasonable area of production capacity regulation. The stocking of fertile sows has shown a month-on-month downward trend for 10 consecutive months, indicating that the supply pressure will gradually reduce after May 2024.

Judging from the stock of big pigs in the scale farm, it decreased by 3% at the end of March compared with the same period last year, indicating that the number of listings will decrease in the second quarter. The average weight in the first quarter also showed a downward trend, indicating that the supply pressure will be gradually reduced.

The number of newborn piglets decreased from October 2023 to March 2024, but decreased by 4.9% compared with the same period last year. The situation of loose market supply in the future is expected to be alleviated.

On the demand side, pork consumption has continued to recover since the mask incident, but there are doubts about the degree of recovery due to factors such as an aging population and per capita income. At present, the daily slaughtering quantity of slaughtering enterprises increases week-on-week, but it is still lower than the level of normal years. Demand is expected to continue to improve in the second quarter.

Overall, the pig supply pressure will be significantly alleviated in the second quarter, while the demand side will continue to recover, and pig prices may be getting stronger. However, it should be noted that the improvement of sow performance, the degree of elimination of household production capacity in the north and south markets, the impact of continuous torrential rains in South China on the spread of the epidemic, and the degree of demand recovery will have a greater impact on the trend of pig prices.