Core Viewpoint - The recent surge in pork prices is short-lived, with signs of a decline emerging, particularly in northern regions, while southern regions may not sustain price increases due to underlying consumption issues and excess supply [2][4]. Group 1: Market Dynamics - Pork prices have seen a rapid increase but are now showing signs of weakness, particularly in northern areas, while southern regions are not expected to maintain upward momentum [2]. - The fourth quarter typically sees the highest pork consumption, but this alone may not support sustained price increases due to broader economic factors [2]. - Consumer behavior is shifting towards spending less on both discretionary and necessary items, impacting pork consumption [2]. Group 2: Supply and Demand Imbalance - The current high level of pig inventory is a significant factor in the inability to sustain pork prices, with the normal production capacity being adjusted downwards from 41 million to 39 million pigs by 2024 [4]. - The mismatch between the existing pig inventory and current market consumption levels is a primary reason for the stagnation in pork prices [4]. Group 3: Changing Consumption Patterns - Dietary habits are evolving, particularly among the aging population, leading to reduced pork consumption as older individuals prefer lighter diets [5]. - Younger consumers are also shifting towards healthier eating habits, resulting in decreased meat intake [7]. - There is a growing perception that pork quality has declined, with many consumers feeling that pork does not taste as good as it did in the past [7][11]. Group 4: Industry Practices - The shift in pig breeding practices has led to a focus on faster growth and higher lean meat yield, which has negatively impacted the flavor of pork [11]. - The traditional methods of raising pigs, which resulted in more flavorful meat, have been largely replaced by practices aimed at maximizing profitability, leading to a decline in meat quality [11][12].