Recently, monitoring data from the Ministry of Agriculture and Rural Affairs showed that from August 21 to August 27, 2023, the average ex factory price of white meat from designated pig slaughtering enterprises at or above the national scale was 23.20 yuan/kg, an increase of 0.1% compared to the previous week and a decrease of 20.2% compared to the same period last year. Nationwide, the average price of live pigs is 17.21 yuan/kg, an increase of 0.1% compared to the previous week and a year-on-year decrease of 21.7%. 19 provinces including Guizhou, Qinghai, Ningxia, Hunan, and Xinjiang saw an increase in pig prices, while 11 provinces including Hainan, Tianjin, Hebei, Beijing, and Guangdong saw a decrease in pig prices; The price in South China is relatively high, at 17.72 yuan/kg; The price in the northwest region is relatively low, at 16.72 yuan/kg.
Due to factors such as the start of the school season from the end of August to early September, the market's bullish expectations are slightly stronger in the near future. At the same time, due to favorable factors such as the approaching holidays and the gradual cooling of the weather, the pork industry is quietly conducting a wave of stocking activities, driving pork consumption, and the downstream market's pork sales have improved.
After the beginning of autumn in September every year, there is a custom of "sticking autumn fat" in China. As one of the traditional Chinese solar terms customs, people usually choose high nutritional value ingredients to enhance their body's immunity and resist common autumn diseases. According to multiple authoritative professional predictions, pork prices may face pressure for a stable pullback in mid September. Based on past experience, the consumer market will enter a peak season in late September, and bullish expectations are expected to gradually increase, with a possible increase in pig prices.