Note: 1. RawPig pricesFor the national average ex-works price;
2. Feed prices are the average prices in the feed ingredient market, calculated according to the finished feed formula. They mainly include corn, soybean meal, wheat bran, and minor ingredients;
3. The pig feed price ratio refers toPig pricesRatio to feed prices;
4. The price ratio breakeven point for pig feed is a dynamic value, calculated based on changes in related costs such as feed, labor, water, electricity, heating, and medication;
5. Expected profit = 120 × (pig-to-feed price ratio - breakeven point) × feed price.
Industry monitoring shows that large-scale farms are currently more inclined to market their hogs, while smallholders are showing some reluctance to accept lower prices. However, market hog weights continue to rise, and supply remains ample. Demand remains sluggish as the weekend approaches. White carcass prices have continued to fall, and slaughterhouses are relatively unenthusiastic about purchasing, putting downward pressure on hog prices. In the short term, supply pressure has yet to ease, and hog prices will remain under pressure and continue to test the bottom. As hog supplies are gradually absorbed and southern China’s pickling activity increases, supply and demand are expected to improve gradually. A seasonal recovery in demand will support heavier hogs and drive a recovery in standard-weight hogs, with prices likely to stop falling and rebound.