Core Insights - The average pig-to-grain price ratio in Guangdong Province was reported at 5.64:1 on September 23, remaining within the 5:1 to 6:1 range for three consecutive weeks, indicating a stable market condition [1] - The Guangdong Provincial Development and Reform Commission, along with four other departments, has issued a plan to improve the government's pork reserve adjustment mechanism to ensure market supply and price stability [1] - The province is prepared to initiate frozen pork reserve collection as part of its strategy to manage market fluctuations [1]

Core Viewpoint - The National Development and Reform Commission (NDRC) is initiating the central frozen pork reserve collection to stabilize the pig market amid recent price declines due to increased supply and seasonal consumption weakness [1] Group 1: Market Conditions - Recent hot summer weather and seasonal consumption weakness have led to an increase in pork supply, resulting in a slight decline in pig prices [1] - The national average pig-to-grain price ratio has dropped to below 6:1, indicating a shift in market dynamics [1] Group 2: Government Response - The NDRC, in accordance with the "Improvement of Government Pork Reserve Adjustment Mechanism," has activated a level three warning response to ensure market supply and price stability [1]