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On May 21, the main contract for live pigs, 2109, bottomed out and rebounded, closing at 23,890 yuan/ton, an increase of 1.
79%
.
Overall, this round of decline began in early May, and the price continued to fall from a consolidation platform of 27,200 yuan/ton to 23,080 yuan/ton on May 20
From the perspective of the sales of live pigs, the sales of a large number of pig-raising companies have increased year-on-year
.
Among them, Muyuan shares cumulative sales of 10.
Regarding the market outlook, Centaline Securities believes that in the short term, the consumer side of the market will always be sluggish, and pork prices will be weak and volatile; as consumption picks up in the later period, pork prices are expected to stabilize and usher in a rebound
.
In its recently released "Investor Relations Activity Record", Muyuan stated that it is likely to reach the bottom in 2022 and 2023, and the company needs to prepare for the low price in 2022
.
Beijing Capital Securities believes that most of the breeding companies’ slaughter data has reached a new level in June, and the industry generally has pessimistic expectations for next year’s pig prices.
