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Pig Prices Expected to Stay Weak, Keep Short Rebound Judgment in Operation

by changzheng26

On Monday, live pig futures traded in a narrow range, with the main live pig 2501 contract fluctuating 0.33% on the day. On the same day, the price of live pig 2411 contract fell after delivery, and the futures price showed a near weak performance. Henan pig market average price of 15.99 yuan/kg, down 0.02 yuan/kg from yesterday, down 0.14 yuan/kg from Friday. The mainstream price of 120-135 kg of well-bred pigs in local farms is 15.90-16.10 yuan/kg, and the price of two kinds of pigs is 16.30 yuan/kg; The mainstream price of 120-135 kg high-grade pigs in small and medium-sized pig farms is 15.60-16.00 yuan/kg, and the mainstream price of 150-160 kg large pigs is about 16.20 yuan/kg.

Downstream slaughtering enterprise social farm standard pig mainstream purchase price is about 15.80 yuan/kg, weight 120-130 kg. Overall, in November, the group enterprises added columns, pig prices fluctuated, and the enthusiasm of bulls and bears was not high.

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In November, the focus of the pig market is the two-way game between holiday consumption and expected supply increase, the industry is expected to oversupply the pig market, pig prices are expected to continue the weak performance, the operation to maintain the rebound judgment.

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