Judging from holiday consumption, the current pig price trend is very similar to that from September to 165438+ 10 last year. At that time, the pig price fell for three consecutive months, which affected farmers to make up the column, and then the New Year's Day and Spring Festival effects ushered in a new wave of pig price rebound. At present, the price of pigs has been falling continuously for 10 week, with a drop of more than 20%, and the stock of pigs has also fallen for three consecutive months. It is expected that the upcoming "May Day" will promote the rebound of pig prices, and the rebound will be even higher because of the increase in feed costs.
Feng Yonghui, chief analyst of China Pig Warning Network, also said recently that due to the recent continuous decline in pork prices and the high cost of raising pigs, some farmers have been reluctant to sell and eliminate pigs, and the space for pork prices to fall has been very limited, and there may be a bottoming out in the next two weeks. It is estimated that the price of live pigs will rise to above 16/kg by the end of May. During the high pig price on June 22 last year, the feed cost was not high; And if the increase in feed cost in May and June this year is passed on to the pig price, the increase in pig price will be even higher.