The pig price is in the down cycle, which will not hinder the stable price and guarantee the supply

After falling below the previous low of 17,265 points on August 23, the main contract of 2201 live pig futures on the Dalian Commodity Exchange closed at 16,895 points on August 24, a new low

Since July, the National Development and Reform Commission and relevant departments have initiated the procurement and storage of the market in order to cope with the rapid decline in the prices of live pigs and pork

Pork supply is guaranteed

"Currently, there is no shortage of pigs or meat, and the market supply is guaranteed

From the perspective of the number of pigs slaughtered in different cycles, the peak of the national pig slaughter in the first cycle from 2003 to 2006 was 610 million heads, and the peak of the second cycle from June 2006 to May 2009 was close to 650 million heads.

After the pig price continued to fall in March this year, the growth rate of the national pig stock has slowed down

The increase in production capacity drove the slaughter volume of pigs to continue to maintain a relatively high level

The abundant supply of pork has led to continued price declines

Pig prices are in a down cycle

"Since August, pork prices have once again entered a downward fluctuation range

On August 27, the average wholesale price of white striped pigs in Beijing Xinfadi was 17 yuan/kg, a decrease of 2.

Recently, the price of pork in the Beijing market has changed-the average wholesale price jumped from 17.

The reason is that as the price of meat is declining, the slaughterhouses are bidding against each other, causing the price of meat to continue to decline

Liu Tong said that this price increase is not trending

Zhu Zengyong told reporters that it is too early to talk about the upward cycle

Great efforts to ensure supply and price stability

In order to ensure pork supply and stabilize pork prices, the National Development and Reform Commission, together with the Ministry of Finance, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, and the State Administration of Market Supervision, jointly issued the "Improving the Government’s Pork Reserve Regulation System and Doing a Good Job in Maintaining Supply and Stabilizing Prices in the Pork Market.

According to the pre-warning mechanism set up in the plan, when the pig-to-food price ratio is lower than 6:1, a three-level warning will be issued; when the pig-to-food price ratio is between 5:1 and 6:1 for 3 consecutive weeks, the stock of sows may be able to reproduce for a single month When the year-on-year decrease reaches 5%, or the number of reproductive sows has decreased by 5% to 10% for three consecutive months, a secondary warning will be issued; when the price of pigs and food is lower than 5:1, the number of reproductive sows may be listed.

At the national level, temporary reserve purchasing and storage will not be activated when the third-level warning of excessive decline is issued; the temporary reserve purchasing and storage will be activated when the second-level warning is issued; and when the first-level warning is issued

According to Meng Wei, spokesperson of the National Development and Reform Commission, since July, in response to the excessive drop in live pig and pork prices, the National Development and Reform Commission and relevant departments have listed a total of 50,000 tons of central frozen pork reserves for purchase and storage, and guided all localities to synchronize the collection.
Reserve and stabilize market expectations
.
These policies and measures have effectively curbed the trend of excessively rapid hog prices, and hog prices have rebounded significantly
.
The price of live pigs has rebounded by more than 15% from the previous low, and the price of pigs and grains has also rebounded rapidly after a brief drop below 5:1.
From August 9th to 15th, it has risen to 5.
71:1
.

Meng Wei said that it will continue to track changes in the stocks of live pigs and reproductive sows and pork price trends, give timely warnings, and actively guide farmers to rationally arrange production, and strengthen market regulation in accordance with the provisions of the pork market to ensure supply and price stability.
And pork prices fluctuated sharply
.