Core Viewpoint - The continuous decline in pork prices in China has raised questions about the reasons behind the drop and whether prices will continue to fall further [1][5]. Price Trends - Pork prices have been decreasing for ten consecutive weeks, with the average wholesale price dropping to 18.43 yuan per kilogram, a 3.1% decrease week-on-week and a 26.6% decrease year-on-year [5][6]. - As of October 21, the average price of pork in national wholesale markets was 17.70 yuan per kilogram, reflecting a slight decrease of 0.1% from the previous day [5]. Supply and Demand Dynamics - The decline in pork prices is primarily attributed to an increase in supply, with the average price of piglets falling to 27.23 yuan per kilogram, down 3.6% week-on-week and 26.6% year-on-year [5][6]. - The average price of live pigs has also decreased to 12.90 yuan per kilogram, a 2.8% drop week-on-week and a 29.5% drop year-on-year [5][6]. Industry Insights - Major pig farming companies such as Muyuan Foods, Wens Foodstuff Group, and New Hope Liuhe have reported declining sales prices for their products, with September figures showing a year-on-year decrease of around 30% [6][7]. - Analysts indicate that the increase in breeding sows and the high output of market pigs have led to an oversupply, contributing to the price drop [7][8]. Future Outlook - Experts predict that while pork prices may see a slight rebound due to seasonal demand increases, the overall supply remains high, limiting significant price increases [8][9]. - The expectation is that pork prices may rise in November as cooler weather boosts demand for pork products, particularly in southern regions [8][9].

Core Viewpoint - The wholesale price of pork in China has been declining for ten consecutive weeks since August, primarily due to increased supply and seasonal demand fluctuations [1] Supply and Demand Analysis - Increased supply has led to a drop in pork prices, with expectations of a price rise not materializing as anticipated at the end of August and early September [1] - The panic selling from farmers has contributed to the continued decline in prices, exacerbated by seasonal demand reduction after the National Day holiday [1] Price Forecast - Experts suggest that the pork prices may reach their lowest point for the year around mid-October [1]

Core Viewpoint - The wholesale price of pork in China has been declining for ten consecutive weeks since August, primarily due to increased supply and seasonal demand fluctuations [1] Supply and Demand Analysis - Increased supply has led to a drop in pork prices, with expectations of a price rise not materializing as anticipated in late August and early September [1] - The panic selling from farmers has contributed to the continued decline in prices, exacerbated by seasonal demand reduction after the National Day holiday [1] Price Forecast - Experts suggest that the pork prices may reach their lowest point for the year around mid-October [1]