Pork prices fell at the beginning of 2023.

On January 3, 2023 (Tuesday), according to the data monitoring of the pig price system of China Pig Network, the average price of live pigs dropped slightly from yesterday. Overall, pig prices fell by 29% month-on-month and 0.24% year-on-year.

According to expert assessments, pig prices will continue to be under pressure and the decline will expand, with large declines in many places. Anhui's average price fell the most in a single day. Pig prices have fallen into the low-price range in 21 provinces and cities, with the Northeast region approaching the edge of the ultra-low-price zone. The live pig market is "under great pressure".

Reasons for the drop in pig prices

Pig production capacity is abundant, standard pigs and large pigs are filling the market, and concentrated sales of "dumping goods" have suppressed the rise in pig prices. Residents' pork consumption has not followed up, and curing has ended and group consumption is not smooth. The sluggish demand makes it difficult for the live pig market to improve. A large amount of frozen meat was put on the market at this time, which affected the share of fresh meat and weakened the possibility of rising pig prices.

It is expected that there will be a wave of price increases before the Spring Festival, and it will depend on the intensity of market supply and demand adjustments. At present, domestic pig production capacity is within an overall reasonable range, and there is no overcapacity. The weak market consumption is temporary, and farmers do not need to worry too much.