On March 15, 2014, the average price of the national pig (foreign three yuan) was 11.84 yuan/kg, which was 0.25% lower than yesterday's closing price. The average price of pork (white meat) was 21.31 yuan per kg, down 0.14% from yesterday's close. The average price of piglets (15kg) was 19.12 yuan/kg, up 1.04% from yesterday's close. The average price of corn (14% water) was 2317 yuan/ton, down 0.32 percent from yesterday's closing price. The average price of soymeal (43 per cent protein) was 4007 yuan/ton, down 0.39 per cent from yesterday's close. The ratio of pig to pig today is 5.11:1. The highest price of the pig today was 12.63 yuan per kg in hainan province, down 1.28% from yesterday's closing price. The lowest price of pork was 11.11 yuan per kg in heilongjiang province, down 2.54 percent from yesterday's close.
In China, 21 provinces and municipalities have seen their prices fall, with the largest drop in heilongjiang province, down 2.54 percent from yesterday's close. A small rally in 10 provinces, the largest in the region, was in hunan province, up 1.57 per cent from yesterday's close.
The price of pork continues to bottom out, and the market supply still shows ample supply, and there is no improvement in demand in the short term. The price of pork is still expected to be supported by the bottom of the market. According to the piggy bank and piglet, the supply pressure of pig in the second quarter is very high. As demand in the second quarter is off-season, holiday demand less, began in June and the pig will face high temperature and the pressure on the disease, such quantity will increase, therefore, can foresee a pig in the second quarter of the market is still oversupply, price is expected to remain weak. There are two reasons for the rise of piglets: one is the expectation that small farmers will rise after a big drop. Second, part of the size of the pig farm is still in the patch. Due to the stable price of piglets, the elimination rate of sows is expected to be delayed, and the supply of pigs will be increased in the future, and the supply of pigs in the second quarter will be more stressful.