Mid-Autumn Festival and National Day are approaching, but the price trend in the pig market has not improved due to boosted demand. Since late August, domestic pig futures prices have continued to bottom out. In the trading session on September 22, the main contract for pig futures was as low as 10,865 yuan/ton, down more than 9% from the beginning of the month, and the biggest drop of more than 22% during the year. Although demand in the pig market has recently rebounded, supply-side growth exceeds demand growth, and pig prices are falling under pressure. However, according to relevant data, the reduction in pig production capacity accelerated in the third quarter. Entering the second half of the month, centralized stocking in Shuangjie is fully launched, terminal demand is picking up rapidly, the supply and demand pattern is improving in the short term, and pig prices are expected to stop falling and rebounding.

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