sharon sanders
Editor-in-Chief & President
The mid-autumn festival is approaching and the supply of eggs is tight
August 14, 2023 14:00
[The mid-autumn festival is approaching and the supply of eggs is tight and the price in some areas has risen by more than 40% compared with the beginning of July] Industry insiders told reporters that the price of pork, which is used as an egg substitute, has risen recently, which has driven consumers to turn to buying eggs for family consumption. At present, although the price of eggs has risen, the sales volume is relatively stable, and there is still a certain growth rate.
more...zhttps://cj.sina.com.cn/articles/view/5281491251/13acd293304001dzhg?from=finance...
----------------------------------------------------------
The price of live pigs has exited the first-level early warning range for excessive decline
August 14, 2023 14:26 National Development and Reform Commission website
According to the monitoring of the National Development and Reform Commission, during the week from August 7th to 11th, the national average pig-grain price ratio was 5.97:1, which was an excessive decline determined by the "Plan for Improving the Government's Pork Reserve Adjustment Mechanism and Doing a Good Job in the Pork Market to Ensure Supply and Stable Prices" The first-level warning range rose to the second-level warning range.
more.....zhttps://finance.sina.com.cn/money/future/fmnews/2023-08-14/doc-imzhczif5091161.shtml?cre=tianyi&mod=pcpager_finto utiao&loc=3&r=0&rfunc=70&tj=cxvertical_pc_pager_sp t&tr=174
The price of pigs rose by 26% in 3 weeks, and the price of pigs has fallen again. Is the end of the rally? Will it rise higher after falling?
August 15, 2023 11:23
Since mid-July, the price of pigs has finally ushered in a sharp rise after falling for nearly 9 months. On August 1, the price of pigs broke through 17 yuan/kg in one fell swoop. On August 6, the price of pigs broke through 17.5 yuan/kg and reached 17.56 yuan /kg, a new high for the year, an increase of 3.7 yuan/kg from 13.84 yuan/kg on July 14, and a cumulative increase of 26.7% in pig prices in three weeks . But since then, the price of pigs has been under pressure and has been under pressure. As of August 12, the price of pigs has fallen for 6 days in a row, with the average price falling to 17.08 yuan/kg, a cumulative drop of nearly 0.5 yuan/kg.
In the same period, the price of hog futures also fell continuously after the previous surge. The hog futures contract LH2301 fell back to around 16,000 yuan/ton, and the main contract LH2311 also narrowly guarded the 17,000 yuan/kg mark. Some institutions believe that this round of rapid rise in pig prices has come to an end. Although the short-term pig price has been under pressure and adjusted, does this mean that this round of rising has ended? The editor thinks, not necessarily.
snip
In addition, the price of feed has risen instead of falling, and the support of follow-up costs cannot be ignored. Recently, the prices of soybean meal and corn have risen strongly, and the tide of feed price hikes may resume. As of August 15, the national spot price of soybean meal has risen to 4600-4700 yuan/ton, and the price of corn has risen to 2800-3000 yuan/ton, both of which are more than 10% higher than the same period last year. In the short term, the price of raw materials may continue to be strong.
snip
In the next one or two months, the price of pigs should be consolidating and gaining momentum, laying the foundation for the rise in the fourth quarter.
source: zhttps://cj.sina.com.cn/articles/view/2553858574/9838ca0e0200130c9?from=finance
August 14, 2023 14:00
[The mid-autumn festival is approaching and the supply of eggs is tight and the price in some areas has risen by more than 40% compared with the beginning of July] Industry insiders told reporters that the price of pork, which is used as an egg substitute, has risen recently, which has driven consumers to turn to buying eggs for family consumption. At present, although the price of eggs has risen, the sales volume is relatively stable, and there is still a certain growth rate.
more...zhttps://cj.sina.com.cn/articles/view/5281491251/13acd293304001dzhg?from=finance...
----------------------------------------------------------
The price of live pigs has exited the first-level early warning range for excessive decline
August 14, 2023 14:26 National Development and Reform Commission website
According to the monitoring of the National Development and Reform Commission, during the week from August 7th to 11th, the national average pig-grain price ratio was 5.97:1, which was an excessive decline determined by the "Plan for Improving the Government's Pork Reserve Adjustment Mechanism and Doing a Good Job in the Pork Market to Ensure Supply and Stable Prices" The first-level warning range rose to the second-level warning range.
more.....zhttps://finance.sina.com.cn/money/future/fmnews/2023-08-14/doc-imzhczif5091161.shtml?cre=tianyi&mod=pcpager_finto utiao&loc=3&r=0&rfunc=70&tj=cxvertical_pc_pager_sp t&tr=174
The price of pigs rose by 26% in 3 weeks, and the price of pigs has fallen again. Is the end of the rally? Will it rise higher after falling?
August 15, 2023 11:23
Since mid-July, the price of pigs has finally ushered in a sharp rise after falling for nearly 9 months. On August 1, the price of pigs broke through 17 yuan/kg in one fell swoop. On August 6, the price of pigs broke through 17.5 yuan/kg and reached 17.56 yuan /kg, a new high for the year, an increase of 3.7 yuan/kg from 13.84 yuan/kg on July 14, and a cumulative increase of 26.7% in pig prices in three weeks . But since then, the price of pigs has been under pressure and has been under pressure. As of August 12, the price of pigs has fallen for 6 days in a row, with the average price falling to 17.08 yuan/kg, a cumulative drop of nearly 0.5 yuan/kg.
In the same period, the price of hog futures also fell continuously after the previous surge. The hog futures contract LH2301 fell back to around 16,000 yuan/ton, and the main contract LH2311 also narrowly guarded the 17,000 yuan/kg mark. Some institutions believe that this round of rapid rise in pig prices has come to an end. Although the short-term pig price has been under pressure and adjusted, does this mean that this round of rising has ended? The editor thinks, not necessarily.
snip
In addition, the price of feed has risen instead of falling, and the support of follow-up costs cannot be ignored. Recently, the prices of soybean meal and corn have risen strongly, and the tide of feed price hikes may resume. As of August 15, the national spot price of soybean meal has risen to 4600-4700 yuan/ton, and the price of corn has risen to 2800-3000 yuan/ton, both of which are more than 10% higher than the same period last year. In the short term, the price of raw materials may continue to be strong.
snip
In the next one or two months, the price of pigs should be consolidating and gaining momentum, laying the foundation for the rise in the fourth quarter.
source: zhttps://cj.sina.com.cn/articles/view/2553858574/9838ca0e0200130c9?from=finance