The main reasons why pig prices are expected to be ** in 2024 are as follows. First of all, according to expert Zhu Zengyong's **, 2024HogsThere is likely to be a slight pullback in slaughter and pork imports, which will improve the supply-demand relationship, thereby driving up the average pork price**. Specifically, it is expectedHogsSlaughter volumes will fall by 1%-2%, and pork imports are also expected to be slightly revised down to around 1.5 million to 1.6 million tonnes. Secondly, the recovery of consumer demand is also an important factor in pig prices.
With the improvement of income level and the support of catering consumption, consumer demand is gradually recovering, which will promote the average price of pork to be slightly **. Finally,HogsThe reduction in production costs will also play a role in boosting pig prices. According to Muyuan shares, the company'sHogsThe dispersion of the complete cost of farming is gradually decreasing, which meansHogsThe cost of breeding is expected to be reduced, thereby improving the profitability of farming.
Pig price ** for the pig industryIndustrial chainand related industries will have a range of impacts. First of all, farmers will benefit from the highest pig price, and their breeding efficiency will be improved, thus drivingAquaculturedevelopment. Secondly, the enterprises on the breeding chain, including:FeedEnterprises, breeding equipment enterprises, etc., will also benefit from pig prices. These companies will face more orders and market demand, which will drive their performance improvements. In addition, pig prices** will also have a spillover effect on related industries, such as slaughtering enterprisesMeat productsProcessing enterprises, etc., will also benefit from the highest pig prices.
The market expectation of pig price ** is mainly reflected in two aspects. First, consumer expectations for pork** may change. With pig prices rising, consumers may expect pork to continue, which could trigger a certain degree of inhabitantsConsumption structureAdjustments. Secondly, pig prices** may also have an impact on other meats**. Since there is a certain substitution relationship between pork and other meats, pig prices tend to drive the price of other meats, which will affect the food of residentsConsumption structureand market**.
With the increase in pig prices, the market supply and demand situation may change to a certain extent. First of all,HogsThe profitability of farmers will be improved, which may stimulate some existing farmers to expand or new farmers to enter the market, thus increasingHogsfurther affects the trend of pig prices. Secondly, with the ** of pig prices,Imported porkThe competitiveness of the company may be weakened, thereby reducing the import volume of pork, which will have a certain impact on the supply of the domestic market. In addition, the purchasing power of consumers may be affected to a certain extent, and some low-income groups may adjust their consumption patterns, which will have a certain impact on market supply and demand.
Pig price ** rightFarmersFor farmers, it is both an opportunity and a challenge. For those who are already engaged in the aquaculture industryFarmersFor farmers, pig prices will create a better business environment and profit opportunities for them, and they can use this opportunity to expand the scale of breeding and improve economic benefits. At the same time, they are also facing some challenges, such as how to ensure the stability of breeding quality and quality, and how to cope with new market demand.
According to experts' ** and market analysis, pig prices are expected in 2024**, which will have a negative impact on the pig industryIndustrial chainand related industries. Pig prices will increase the profitability of farmers, promoteAquaculturedevelopment. At the same time, it will also affect the market supply and demand situation, triggeringConsumption structureThe adjustment has an impact on the market. ForFarmersFor farmers, pig prices are both opportunities and challenges, and they need to seize the opportunity and respond to the challenges in order to be inMarket competitionto achieve better development.