价格周报｜腌腊高峰叠加冬至备货，本周生猪均价上涨2%

Core Insights - The average wholesale price of pork in China increased slightly to 17.53 yuan/kg on December 19, 2025, up 0.2% from 17.5 yuan/kg on December 12, 2025, but down 1.1% from the previous week's average of 17.65 yuan/kg [1] - The average price of live pigs (external three yuan) rose to 11.71 yuan/kg on December 19, 2025, marking a 2.3% increase from 11.45 yuan/kg on December 12, 2025, and a 2% increase from the previous week's average of 11.37 yuan/kg [1] Price Trends - The average transaction weight of live pigs was reported at 124.79 kg, showing a slight increase of 0.15% week-on-week [3] - The operating rate of major domestic slaughter enterprises increased to an average of 43.16%, up 2.08 percentage points from the previous week, driven by rising demand for pork as winter approaches [3] Market Dynamics - The recent rebound in live pig prices is attributed to stronger consumer demand during the consumption phase, although the overall supply of live pigs is expected to increase by the end of Q1 next year [4] - Short-term demand is anticipated to weaken post-winter solstice, with a potential increase in purchasing activity before the Spring Festival [4] - The market outlook suggests a narrowing upward trend followed by a potential decline in prices due to increased supply and reduced demand after the winter solstice [4]