Pork prices have fallen to nearly a 10-year low.

According to the monitoring of the Ministry of Agriculture and Rural Affairs, since May, the national price of live pigs has shown a trend of low-level fluctuation and gradually stabilizing. In the third week of May, the national price of live pigs was 10.12 yuan per kilogram, a decrease of 0.4% compared to the previous period and a decrease of 32.2% compared to the same period last year. The person in charge of a live pig production company in Hebi, Henan Province, told reporters that since the Spring Festival this year, local live pig prices have continued to fall, dropping to a low of 4.1 yuan per catty, the lowest in nearly 10 years, showing a trend of low-level fluctuation in the past month. Currently, the production capacity of live pigs is still relatively sufficient, and pig prices are weakly fluctuating. The Ministry of Agriculture and Rural Affairs recently issued the "Implementation Plan for Comprehensive Regulation of Live Pig Production Capacity", guiding the industry to actively reduce live pig production capacity. Reporters have learned that under the guidance of the Ministry of Agriculture and Rural Affairs' capacity regulation policy, some large-scale breeding enterprises have already actively reduced the number of sow herds.