Pig price quotes is the second half of the hog prices to maintain fluctuations in the downward trend, but there will be no rapid decline in prices, in the case of natural disasters, hog epidemics, policy interventions, and other unpredictable factors, the price of hogs will be in the case of the 20 yuan of a kg of fluctuations up and down. In addition, due to rising production costs, 2021 pig farmers income situation is not optimistic, the recovery of production capacity will also lead to a substantial reduction in pork imports in 2021.

Hog prices are at an all-time high. According to the weekly hog farmgate price data released by the Ministry of Agriculture and Rural Development (MARD), the average hog farmgate price for the whole year of 2020 is 34.19 yuan a kg, up 45.55% year-on-year. The high price of hogs makes the overall rate of return of the hog industry increase substantially, attracting many Internet and real estate companies to enter the hog industry.

Hog price quotations

The country's hog prices have an obvious cyclical pattern of change. 2000 to the present, the domestic hog market has experienced four rounds of relatively obvious hog cycle, respectively, June 2002 to May 2006, May 2006 to May 2009, April 2010 to 2014 April, and March 2015 to May 2018, with an average of 1 cyclical change in hog prices every 4 years.

In the medium and long term, the domestic hog inventory is growing rapidly, and under the premise of relative stability of the African swine fever epidemic, the subsequent hog slaughter will grow significantly month by month, and the possibility of the hog price exceeding the February 2020 high in 2021 is tiny.