The real reasons for the plunge in hog prices are the recovery of production capacity overshooting, changes in consumption structure and the lack of significant growth in demand.

After African swine fever was basically under control, the Ministry of Agriculture and Rural Development and the State Council issued four documents related to accelerating the recovery of hog production capacity in order to ensure that the public's food basket is not short of meat. As the income level of the population continues to rise, the nutritional requirements of the diet has gradually improved, compared with pork, beef and lamb and other high-quality protein and low-fat, more attention from consumers.

So far, the pig inventory has been maintained at more than 416 million head, has been basically close to the level of the normal year, but in order to reduce losses and "passive pressure pen" practice so that the weight of the pigs out of the pen is too large, greatly increasing the amount of slaughter, the supply of pork is also beyond the actual demand.

The future trend of pig prices

In order to alleviate the cyclical fluctuations of pig production, stabilize the development of pig farming, ensure the food supply of the population, improve the dietary structure of the population, and improve the standard of living of the population, our country encourages pig producers to develop in the direction of specialization, industrialization, standardization, and intensification, which will usher in a new development space for the pork industry. Industry ushered in a new space for development.

In addition, with the continuous improvement of the income level of the population, people in line with the high food safety standards and the gradual increase in demand for high-quality pork, followed by China's pork consumption demand will continue to grow rigidly, which will be conducive to the development of the hog production enterprises, thereby further promoting the development of the industry.