What is the reason for the continuous decline of live pig prices 13 weeks?

The terminal pork consumption is affected by the epidemic situation, the demand is weak, and the supply of large-weight fat pigs is more, which leads to the decline of pork prices. The low pork consumption caused by insufficient start-up and insufficient start-up is also the main reason for the low pork price.

According to the data of the Ministry of Agriculture and Rural Affairs, the pork price in the national wholesale market has fallen below 40 yuan/kg, which is nearly 20% lower than the price peak in February this year. At the same time, a number of pig breeding enterprises suffered a stock price decline. Since May 1, the share prices of Muyuan, Shi Wen and New Hope have dropped by 6.36%, 4.63% and 6.29% respectively. Compared with the beginning of May, the market value of Mu Yuan, a pig giant, has dropped by 654.38+0.79 billion yuan yesterday.

Extended data

While the price of pork continues to decline, the pace of many enterprises to expand pig production has not stopped.

Since April, Muyuan has announced the establishment of 40 new companies in Shangqiu and other places in Hunan. It is planned to invest 2.27 billion yuan to build a young pig slaughterhouse in Ya 'an, while Zhengbang Technology announced that it will spend about 2.4 billion yuan to set up a subsidiary and increase its capital to Sun Company.

A few days ago, Vanke issued a "recruitment order", including social recruitment positions such as general manager of pig farm, professional manager of pig farm budget and final accounts, application Commissioner of pig farm development and construction, and pig farm veterinarian. The work of this "general manager" includes participating in the formulation of the settlement plan for 250,000 pigs.

According to the recent statements of many pig breeding enterprises, it is expected that pork prices will still pick up in the third and fourth quarters of this year. Tianbang shares recently said in an investor survey that after the off-season in May and June, it is expected that the shortage of supply will still dominate the rebound of pork prices.

People's Daily Online-Pork prices fell for three consecutive weeks 13.