China Live Pig Prices Decline Amid Strong Supply and Weak Demand

The domestic live pig market in China continues to face pressure from strong supply and weak demand. As of July 27, the average price for 'three-way crossbred' live pigs declined by 1.84% to 10.67 RMB/kg at the end of the week.

This marks a continuation of a downward trend, with the market experiencing ample supply while terminal market demand remains sluggish. Slaughterhouses have adjusted their procurement prices after meeting their purchasing targets, but overall market prices remain weak.

The domestic pig-to-grain price ratio has also widened to around 4.7:1 due to declining pig prices and stable corn prices. SunSirs analysts expect the imbalance between supply and demand to persist in the short term, leading to continued stability or weakness in live pig prices.