Since August, pig prices have continued to pick up and have remained above 11 yuan/kg for many days. According to data from China Pig Farming Network, the price of pigs was reported at 11.13 yuan/kg on August 25. The reporter noticed that this price had risen by more than 7.54% from the beginning of this month. Big business data shows that in July, the average wholesale price of pork rose 4.3% month-on-month, ending the previous four-month continuous month-on-month decline. Yin Weihua, a researcher at the Economic Forecasting Department of the National Information Center of the National Development and Reform Commission, told reporters that since the second half of the year, pig prices have rebounded for a long time and quickly surpassed 10 yuan/kg. Currently, it has fluctuated repeatedly in the 10.3 yuan/kg to 11.3 yuan/kg range, and a market consensus that “the low point within the year has passed” has gradually formed. However, judging from the progress of production capacity removal, pork prices are currently at a critical stage in the transition from “bottoming out” to “fluctuating and recovering.”

Since August, pig prices have continued to pick up and have remained above 11 yuan/kg for many days. According to data from China Pig Farming Network, the price of pigs was reported at 11.13 yuan/kg on August 25. The reporter noticed that this price had risen by more than 7.54% from the beginning of this month. Big business data shows that in July, the average wholesale price of pork rose 4.3% month-on-month, ending the previous four-month continuous month-on-month decline. Yin Weihua, a researcher at the Economic Forecasting Department of the National Information Center of the National Development and Reform Commission, told reporters that since the second half of the year, pig prices have rebounded for a long time and quickly surpassed 10 yuan/kg. Currently, it has fluctuated repeatedly in the 10.3 yuan/kg to 11.3 yuan/kg range, and a market consensus that “the low point within the year has passed” has gradually formed. However, judging from the progress of production capacity removal, pork prices are currently at a critical stage in the transition from “bottoming out” to “fluctuating and recovering.”