Market analysis

Recurring pig diseases in parts of southern China dampened piglet buying interest, prompting some farmers to shelf plans to replenish stocks. In Hunan and Guangxi, prices of foreign and native common crossbreed piglets were down sharply.

Corn prices have continued to hover at a high level while soymeal prices have also emerged from recent lows. Strengthening macro feed ingredient prices as well as lower hog prices have discouraged farmers from taking up piglet supplies.

Piglet prices have not weakened much in some regions despite the lower buying interest. In big and medium-sized farms, newly procured sows have not produced big number of piglets. The lower supplies of piglets have thus provided support for prices amid weaker demand from buyers. Market forecast

In the week ahead, hog prices are not seen to pick up much from current levels. Analysts thus expect piglet demand to stay low with prices seen to fall slightly.

ThePigSite News Desk