Pig prices may be robbed by the Mid-Autumn Festival.

After deep adjustments in June and July and sideways consolidation in August, pig prices stabilized and rebounded. However, industry insiders believe that the pig price rise is not sustainable, mainly to maintain a small rise above the high level of operation. With the Mid-Autumn Festival approaching, pig prices may fall back. Industry insiders expect that the relationship between supply and demand will tend to relax after September and may enter a new round of adjustment after the Spring Festival next year.

With the approach of the Mid-Autumn Festival and a slight pick-up in demand downstream, butcher enterprises in the north have begun to increase their volume one after another. On the 11th, Shandong butcher enterprises raised all the slaughtering capacity, with a range of about 40%. The slaughtering capacity of Linyi Golden Gong was raised from 15000 in the previous period to 20000, and the slaughtering capacity of local small factories also basically reached about 4000. However, the increase did not bring a good stimulus to pig prices, but the market situation showed a downward trend. The low price of Shandong improved pig can reach 17.6-17.8 yuan / kg, and the scale market price fell by 0.1 yuan / kg to 18.4-18.6 yuan / kg.

Niu Zhe, an analyst at Zhuochuang Information, pointed out that the production cycle of butcher companies is relatively short and may be completed around the 13th, while the number of live pigs in most areas shows an increasing trend, and it is expected that it is difficult for pig prices to rise before the festival, and the northern markets may be dominated by declines.

(China Securities News)