Sina Finance, March 31. According to monitoring at bazaars and collection points in 23 counties in Hunan Province, pig prices began to decline at an accelerated pace after entering March. Currently, the average price of pigs in the province is 10.78 yuan/kg, down 6.83% from the previous month and 29.54% year on year, the lowest price since 2019. According to the latest monitoring data from the Ministry of Agriculture and Rural Affairs, pig prices in all 30 monitored provinces across the country fell in the 3rd week of March. The average price of pigs was 11.05 yuan per kilogram, down 28% from the previous year. The price hit a new low since June 2018. Many interviewees believe that the current decline in pig prices is a normal phenomenon of cyclical adjustment in the pig market. The core contradiction is the combination of oversupply and weakening demand. The deeper change lies in the long-term adjustment of the consumption structure. According to the data, the share of pork in meat consumption in China fell from 62.1% in 2018 to 57.8% in 2025, and the overall demand for pork consumption is declining. Regarding future pork price trends, the industry generally believes that official storage will stabilize market sentiment to a certain extent. It is expected that there will be limited room for pig prices to fall in the short term, or mainly due to shocks and bottoming out. However, due to strong supply and weak demand, we need to be wary of the risk that increases fall short of expectations and phased pullbacks. The market still needs to gradually achieve a steady recovery in prices in the balance between supply and demand.

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