This week, the average price of live pigs has slightly increased, with institutions predicting that the turning point of the cycle may be postponed until the fourth quarter.

This week, the average price of domestic live pigs in China increased slightly compared to the previous week. According to data from China Pig Farming Network, on May 29, the price of live pigs was 9.62 yuan/kg, a decrease of 0.4% compared to 9.66 yuan/kg on the previous Friday. In terms of the weekly average price, the average price of live pigs this week is 9.69 yuan/kg, a 0.4% increase compared to the average price of 9.65 yuan/kg last week. China CITIC Futures believes that the current progress of pig slaughter is slow, with weak downstream driving force, and both supply and demand are contracting, leading to fluctuations in pig prices. The number of new piglets born in early 2026 is still high, indicating an ample supply of slaughter pigs in the third quarter. In the long term, capacity reduction has begun but the magnitude is insufficient. The productivity of sows continues to increase, and the turning point of the cycle is expected to be delayed until the fourth quarter of 2026, with a moderate start to the cycle and no significant upward trend visible in the current production reduction.