The pig price has reached a new high in the past three years, and the breeding benefit is considerable.

Since the beginning of this year, due to a certain tension in the number of big pigs on the market and high breeding costs, pig prices have continued to rise in April. According to monitoring, in early April, the average price of fattening pigs from thousands of breeding enterprises across the country was 15.15 yuan / kg, up 0.7 percent from the previous month. Pig prices are 9.6% higher than at the beginning of the year and 57.3% higher than the same period last year, the highest level since 2009.

According to the Ministry of Agriculture, at the end of March, the total number of live pigs in the country was 448 million, an increase of 0.8% compared with the previous month, and the total number of breeding sows was 47.1 million, a decrease of 0.4% compared with the previous month. Compared with the minimum level set by the national regulation and control plan, the current stock number of live pigs and breeding sows is relatively sufficient, coupled with considerable breeding benefits, piglets are active, and it is expected that the number of live pigs will continue to increase in the second half of the year.

According to monitoring, in the first ten days of April, the average purchase price of corn from 1,000 farming enterprises across the country was 2.18 yuan / kg, up 0.5 percent from the previous month, 3.8 percent from the beginning of the year, and 11.3 percent from the same period last year. The price ratio of pig grain has remained at a high level, and the average price ratio of pig grain in thousands of breeding enterprises has reached 6.95. According to preliminary estimates, the average profit of a commercial fattening pig is about 380 yuan, and that in some areas is close to 500 yuan.

At present, the average purchase price of piglets has risen sharply compared with the same period last year. According to the monitoring of the Ministry of Agriculture, on April 13, the price of piglets in 470 markets across the country was 24.86 yuan / kg, up 69.3% from the same period last year, and the increase has exceeded the price of fattening pigs by 12 percentage points. Coupled with the high inflationary pressure, it is expected that the risk of pig raising market will increase in the second half of the year.