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06/28 Pig Comment: The decline is back! Pig prices have cooled down in a large area, be wary of the follow-up market!

author:China Pig Network

On June 28, 2024 (Friday), the data of the pig price system of China Pig Network was monitored as follows: the average price of live pigs (variety: foreign three yuan) was 17.56 yuan/kg (8.78 yuan/jin), and the price decreased by 0.05 yuan/kg (0.025 yuan/jin) compared with yesterday; Pig prices increased by 3.54% month-on-month and 26.24% year-on-year.

06/28 Pig Comment: The decline is back! Pig prices have cooled down in a large area, be wary of the follow-up market!

From May 28, 2024 to June 28, 2024, the average price trend chart of live pigs (foreign ternary) on China's pig breeding network

06/28 Pig Comment: The decline is back! Pig prices have cooled down in a large area, be wary of the follow-up market!

2024-06-28 - China Pig Network Pig (Outer Three Yuan) Average Price Ranking

The Xuantian algorithm is a non-classical logic numerical aggregation theory and uncertainty prediction method originally created by the project team, and a hog price prediction model based on a uniform modulo operator is constructed. The theory and method of aggregate function and coherent modulus correlation adopted by the model have been funded by the National Natural Science Foundation of China and provincial natural science funds, and won a number of provincial natural science awards. The forecast pig price on June 29 is 17.5140, and the confidence range is between 16.9278 and 18.1028. The forecast pig price on June 30 is 17.5288 and the forecast pig price on July 01 is 17.4989.

06/28 Pig Comment: The decline is back! Pig prices have cooled down in a large area, be wary of the follow-up market!

2024-06-29 Xuantian algorithm prediction

06/28 Pig Comment: The decline is back! Pig prices have cooled down in a large area, be wary of the follow-up market!

2024-06-28 - China Pig Network Pig (Outer Three Yuan) Average Price Rise and Fall Table

06/28 Pig Comment: The decline is back! Pig prices have cooled down in a large area, be wary of the follow-up market!

According to the "2024-06-28-China Pig Network Pig (Outer Sanyuan) Average Price Rise and Fall Table", it is found that the price of ternary pigs at home and abroad is fluctuating and falling, and among the 31 provinces/municipalities/autonomous regions that can be monitored in the country, only the pig prices in Shanghai, Gansu Province, Hunan Province, Guangdong Province and Sichuan Province have risen, with an overall increase of 0.01-0.10 yuan/kg; Pig prices in most parts of the country mainly fell slightly, with an overall decline of 0.01-0.26 yuan/kg. According to the analysis of the current market data, both the group pig enterprises and retail investors are slaughtering one after another, but the operating rate of slaughtering enterprises has always been at a low level. At this stage, the support of the consumer side for the rise in pig prices is too weak, and it is necessary to wait for the arrival of the seasonal upward cycle of consumption, at which time, pig prices may continue to rise sharply. In the near future, pig prices may maintain a pullback trend, and it is unlikely that they will rise sharply.

(Note: The price of live pigs and pigs in this article specifically refers to the price of live pigs, not the price of pork in the consumer market. )