Market Focus - As of the week ending June 27, the profit from self-breeding and self-raising pigs was 50.25 CNY per head, up from 19.40 CNY per head the previous week. In contrast, the profit from purchasing piglets was a loss of 131.71 CNY per head, improved from a loss of 186.79 CNY per head the prior week [1] - The Dalian Commodity Exchange has adjusted the delivery quality standards for live pig futures, modifying the average and individual weight ranges for delivery standards. The average weight range has been changed from [100, 120] kg to [110, 130] kg, and the individual weight range from [90, 140] kg to [90, 150] kg. Additionally, the pricing adjustments for alternative delivery items have been specified [1] Daily Market Data - The national average price for live pigs as of July 1, 2025, varies by province, with prices ranging from 13.86 CNY/kg in Xinjiang to 16.73 CNY/kg in Guangdong. The prices reflect a slight increase compared to the previous day, with most regions showing a stable outlook for the near future [4] Industry Review - Currently, pricing power in the pig market is concentrated among leading enterprises. The recent increase in pig prices is attributed to major producers actively reducing supply, along with speculative capital providing some support. Despite awareness of oversupply, the industry sentiment has shifted, leading to increased willingness to hold back supply to maintain prices [5]
Mhy20250701生猪晚评：猪价南北持续上涨