At present, farmers have been reluctant to sell, but the production capacity of the industry has not been effectively expanded. With the arrival of the May Day holiday, the market demand is getting warmer. It is expected that the pig price will bottom out soon, and it will rebound in May.

From the perspective of holiday consumption, the current pig price trend is very similar to that from September to 1 1 month last year. At that time, the pig price fell for three consecutive months, which affected farmers' replenishment, and then the New Year's Day and Spring Festival effects ushered in a new wave of pig price rebound. At present, the price of pigs has been falling for 10 week, with a drop of more than 20%, and the stock of pigs has also been falling for three consecutive months. It is expected that the upcoming "May Day" will promote the rebound of pig prices, and the rebound will be higher because of the increase in feed costs.

Feng Yonghui, chief analyst of China Pig Warning Network, also said recently that due to the recent continuous decline in pork prices and the high cost of raising pigs, some farmers have been reluctant to sell and eliminate pigs, and the space for the decline in pork prices has been very limited, which may lead to a bottoming out in the next two weeks. It is expected that the price of live pigs will rise to 16-odd/kg by the end of May. During the high point of pig price on June 22 last year, the feed cost was not high; And if the increase in feed costs in May and June this year is passed on to the pig price, the increase in pig price will be even higher.