Analysis of the Reasons for Recent Price Increase of Live Pigs

According to the market price monitoring results, hog prices fell to the lowest point of the year at 6.2 yuan/kg at the end of July this year, then gradually stabilised by the influence of multiple positive factors and began to rebound, rising to 6.4 yuan/kg, 6.6 yuan/ Jin, it reached 6.8~6.9 yuan/kg in September, and the two-month increase reached 10%.

Analysis of the reasons for this is first and foremost the cost factor: In August, affected by strong demand, the price of corn rose from 1.2 yuan/kg to 1.3 yuan/kg, and it has now risen to 1.35 yuan/kg. The increase in one month has exceeded 10%. ; While the price of soybean meal from the same period rose from 1.8 yuan / kg to 2.0 yuan / kg, 2.2 yuan / kg, and now it is up to 2.3 to 2.4 yuan / kg, the overall increase reached 30%. The increase in the price of corn and soybean meal directly leads to an increase in the cost of raising pigs, which leads to a passive increase in the price of pigs. Secondly, at the beginning of August, the National Development and Reform Commission launched the second round of frozen meat storage and storage within the year, making the price of live pigs, which has been lower in the early stages, quickly stabilized and then began to rebound. Third, with the approach of the "two-day festival" of the Mid-Autumn Festival and the National Day, the market's demand for pork and related products will rise sharply in the short term, and it will surely push the hog prices further to rebound.