Pig prices hit new lows, and pork supply will be generally loose in the future

The price of live pigs has hit a new low since May
.

The Ministry of Agriculture and Rural Affairs revealed on the 20th that the country’s live pig production has accelerated its recovery, market supply has further improved, and prices have continued to fall.

But at the same time, the current recovery of live pig production is still facing some uncertain factors, including the risk of African swine fever epidemic, the rising cost of breeding, the obvious decline in benefits, and the reproductive efficiency of sows is still lower than normal
.

In this regard, the Ministry of Agriculture and Rural Affairs and other departments emphasized that in the future, it is necessary to maintain the goal of restoring live pig production, the intensity will not be reduced, and the standard will not be lowered, and fully implement the tasks of stable pig production and supply

Since the beginning of this year, the Ministry of Agriculture and Rural Affairs and other departments have successively issued a number of policies in response to the restoration of pork supply and stable prices
.

Including the promotion of the optimized layout and industrial transformation and upgrading of the pig industry, the improvement of the biosafety level of the whole chain of the pig industry, and the implementation of the livestock and poultry genetic improvement plan

According to reports, the Ministry of Agriculture and Rural Affairs will guide regional scientific planning of pig breeding layout in the future, and strengthen the integration of pig production and marketing plans
.

Encourage exploration of a long-term mechanism for compensating production areas for sales areas, support the development of pig production in major producing provinces, promote the creation of standardized pig breeding, scientifically allocate animal husbandry and veterinary personnel, and improve the level of biological safety of farms

It is understood that domestic pig prices have fallen rapidly in recent months and have fallen to the lowest point since the recovery of pig production capacity in this round
.

Especially in May, the average price of live pigs in some areas fell below the 10 yuan per catty mark, setting a new low

Analysts believe that pork prices will continue to weaken in the short term, and there may be room for further decline in the later period
.

Calculating from the number of newborn piglets in the early period, the year-on-year growth rate of fat pigs on the national scale pig farms in the second quarter will reach 50%.