According to monitoring of markets and collection points in 500 counties by the Ministry of Agriculture and Rural Affairs, last week (the 2th week of 10, 10 5–11, same below), the national live hog price was 11.07 yuan/kg, down 0.5% week on week; the price of pork at rural markets was 20.98 yuan/kg, down 0.4% week on week. According to monitoring and reporting from 200 wholesale markets by the Ministry of Agriculture and Rural Affairs, the average national pork wholesale market price last week was 15.92 yuan/kg, down 1.8% week on week and 15.5% year on year.
Experts said that hog supply was relatively ample last week, while consumer demand in end markets declined temporarily, resulting in some decreases in hog and pork prices. Looking ahead, hog and pork prices are expected to fluctuate slightly this week.
Source: Department of Market and Information Technology; Bureau of Animal Husbandry and Veterinary Services