Analysis of the trend of pig prices in March, combined with the above historical information and market dynamics:
1.In the case of 2023, pig prices will appear slightly in early March, and farmers will be more anxious. As the end of the month approaches the May Day holiday, the market expects that terminal demand may be supported, and pig prices may bottom out.
2.From the end of February to the beginning of March 2024, there will be a large increase in the number of live pigs slaughtered, resulting in a slight increase in pig prices, and the overall price will fluctuate in the range of 12 yuan kg.
3.Considering the impact of feed costs such as rapeseed meal and soybean meal on breeding costs, as well as changes in market demand and demand, short-term pig price trends are susceptible to a variety of factors, such as farmers' reluctance to sell, epidemic control measures, holiday consumption pull effect, secondary fattening and frozen product storage operations.
4.*In the third week of March of a certain year (the specific year is not given), the data pointed out that the pig price continued to decline slowly, reflecting the weak market demand and the lack of confidence in the future of the breeding side, which tends to actively slaughter rather than wait for the price.
On the whole, in March of different years, pig prices performed differently, both ** and **, and were affected by a variety of factors such as supply and demand, policy regulation, and market expectations. For the specific pig price trend in March 2024, in terms of fundamentals, the margin of the future hog market is good, but the impact on the increase is uncertain. At present, there is no obvious major contradiction in the pig market, and most of the negative factors in the early stage have been clarified. We will pay close attention to the pressure on the group enterprises to be slaughtered in March. Although there are bullish factors, their impact has not yet reached a sufficient extent, and the destocking of the stock base still needs time to accumulate. The epidemic in Henan and Shandong did not have an impact on the overall market in the early stage.