The low pig prices are testing the bottom, which may stimulate the industry to accelerate capacity reduction.

According to monitoring by the Ministry of Agriculture and Rural Affairs, on April 3, the average price of pork in the national agricultural products wholesale market was 15.15 yuan per kilogram, a decrease of 3.7% compared to 15.73 yuan per kilogram last Friday. The average price this week is 15.34 yuan per kilogram, a decrease of 3.2% compared to the average price of 15.84 yuan per kilogram last week. The average weekly price of domestic pigs fell compared to last week. According to data from China's pig breeding website, on April 3, the price of live pigs was 10.13 yuan per kilogram, a decrease of 0.3% compared to 10.16 yuan per kilogram last Friday. Looking at the average price over the week, the average price of live pigs this week is 10.1 yuan per kilogram, a decrease of 1.1% compared to the average price of 10.21 yuan per kilogram last week.