Pork prices soared by 15%

Golden Ten Data, July 13—According to monitoring by the Ministry of Agriculture and Rural Affairs, the prices of live pigs and pork nationwide have continued to rise for two consecutive weeks since the beginning of July, with a significant increase. On July 12, the wholesale price per kilogram of pork at the Beijing Xinfadi Market was 14.4 yuan, an increase of 15% compared to July 1. Xinfadi Market analyst Liu Tong stated: "The highest price in early July appeared on July 8, with an average price of 14.55 yuan per kilogram, the highest since this year's Spring Festival." On the production side, the national price of live pigs also began a consistent upward trend at the end of June, rebounding by 12.8% over the past two weeks. Experts indicate that as productive sow capacity continues to decrease, supply pressure for live pig slaughtering will gradually ease in the second half of the year. From the demand side, the back-to-school season at the end of the third quarter, together with procurement for the Mid-Autumn Festival and National Day holidays, will drive a recovery in consumption, creating the foundation for a moderate rebound in pork prices. It is recommended that farmers make orderly arrangements for live pig slaughtering based on the current favorable market rebound.