I. Market Review

The main LH2409 contract for live pig futures closed at 18070 yuan / ton, up 725 yuan / ton or 4% over the previous week.Almightybuffalomegaways.18%, the highest price is 18125 yuan / ton, the lowest price is 17235 yuan / ton, the trading volume is 253,000 lots, the position is 73493 lots, and the position is increased by 9951 lots.

Spot price: three yuan live pig price at home and abroad today: (yuan / kg)

II. Fundamentals

1. Profits from pig farming

According to the data of my Agricultural products (000061) Network, the price of piglets in 7KG was 539.52 yuan per head in the week ending May 10, down 9.53 yuan / ton from 549.05 yuan in the previous week, and the profit from purchasing piglets was 213.51 yuan per head, down from 217.78 yuan per head the week before.AlmightybuffalomegawaysThe profit of self-breeding was 98.27 yuan per head, which was 0.49 yuan higher than that of 97.78 yuan in the previous week.

2. Pig production capacity

The sample data of my agricultural products show that 4.8576 million sows can be reproduced in April, an increase of 41900 from 4.8157 million last month, 33.3849 million commercial pigs in April, an increase of 47,400 compared with 33.3375 million last month, and 85765 million commercial pigs in March, an increase of 1028 over 8.4737 million last month.

3. Data of pig slaughtering end

According to the statistics of my agricultural products net sample slaughtering enterprises, as of May 9, the opening rate of slaughtering enterprises was 28.15% lower than that of 28.32% last week. As of May 3, the profit of slaughtering enterprises was-63.63 yuan per head, an increase of 5.84 yuan per head compared with-69.47 yuan per head the previous week. As of May 3, the storage rate of frozen products was 23.98%, unchanged from 23.98% the previous week.

4. National Bureau of Statistics: China's pork output fell 0.4% to 15.83 million tons in the first quarter.

China's pork production fell 0.4% year-on-year to 15.83 million tons in the first quarter, according to data released by China's National Bureau of Statistics on Tuesday. At the end of the first quarter, 408.5 million pigs were kept in stockpiles, down 5.2% from the same period last year, and 194.55 million pigs were born in the first quarter, down 2.2%.

III. Summary

At present, the market is in the off-season of demand, consumption continues to be weak, the wholesale market is generally out of order, butcher enterprises have a strong intention to buy at a low price. The feed cost is at a low level, the cost of pressing the column at the end of breeding is reduced, and the mentality of cherishing the sale starts again. According to the data of fertile sows and piglets, the theoretical column is expected to decrease in the second and third quarter, and the supply pressure may be improved. The future will focus on terminal consumption and the situation of live pigs.