In the first half of 2025, China's pig market showed a pattern of “spot twists and turns and weakens, and futures fluctuate widely” in the supply and demand game. According to relevant data, as of the end of June, the average price of pigs in production areas across the country was 14.86 yuan/kg, down 0.91 yuan/kg, and the average price of pigs in sales areas was 15.35 yuan/kg, down 0.94 yuan/kg. “In the first half of this year, pig prices showed an overall fluctuating trend. Although the price focus showed a downward trend, the decline was significantly lower than the results of the market's early assessment.” Chen Jiezheng, an agricultural products researcher at Galaxy Futures, said. Interviewees believe that in the second half of the year, the pig market will show a situation where both supply and demand increase, and pig prices may rebound in stages under the impetus of demand. In the short term, we need to pay attention to the rise in seasonal demand in the third quarter and the impact of pressure sentiment on prices. The medium- to long-term pig price performance depends on the continuation of capacity reduction.

In the first half of 2025, China's pig market showed a pattern of “spot twists and turns and weakens, and futures fluctuate widely” in the supply and demand game. According to relevant data, as of the end of June, the average price of pigs in production areas across the country was 14.86 yuan/kg, down 0.91 yuan/kg, and the average price of pigs in sales areas was 15.35 yuan/kg, down 0.94 yuan/kg. “In the first half of this year, pig prices showed an overall fluctuating trend. Although the price focus showed a downward trend, the decline was significantly lower than the results of the market's early assessment.” Chen Jiezheng, an agricultural products researcher at Galaxy Futures, said. Interviewees believe that in the second half of the year, the pig market will show a situation where both supply and demand increase, and pig prices may rebound in stages under the impetus of demand. In the short term, we need to pay attention to the rise in seasonal demand in the third quarter and the impact of pressure sentiment on prices. The medium- to long-term pig price performance depends on the continuation of capacity reduction.