What is the price of pork on the market at present?

Institution: The bullish sentiment in the market has cooled down.

According to Boya He Xun's statistics, the average price of live pigs nationwide this week was 15.84 yuan/kg, up 0.46% month-on-month and down 13.34% year-on-year. Self-propagation loss 149.75 yuan/head, down 3.38% from the previous month and down 2 18.53% from the same period last year. The profit of outsourced farming was 53.2 1 yuan/head, up 12.30% from the previous month and 105.59% from the same period last year.

We observed that the pig price fluctuated and rose in May, but the actual increase was not large. At the end of May, the national average price of live pigs was 15.69 yuan/kg, only 7.8% higher than that at the end of April. Farmers' optimistic expectations for the market outlook dissipated before the Dragon Boat Festival, although the scale market continued to control prices. The unblocking of Shanghai and Beijing has not improved the weak consumption. Under the long-term loss, the mentality of raising pigs is persistent, and the government also helps the pig price return to the cost line through 10. We have observed that there are still many phenomena of active market pressure. Recently, the temperature has risen and the second fattening is approaching, and the pig price may be further limited. Considering the high enthusiasm of piglets to make up the price, the overall price increase is obvious. We believe that the upcoming May capacity data will turn positive. We observed that in May, the supplementary fencing of binary sows began to increase, and the enthusiasm of supplementary fencing in the north was high, while that in the south was relatively rational. The quotation of binary sows rose, and the market transaction price was weak. At the end of the month, the price of binary sow exceeded 1.800 yuan/head. At the same time, the high price of eliminating sows and the slow elimination may further confirm the stop of production capacity. At the same time, in the near future,

Source: Zheshang Securities.