Pig prices are weakly running, and anti-dumping measures boost market expectations.

On September 8th, the domestic futures market's main live pig contract 2511 hit a low of 13145 yuan/ton during the day, reaching a relative low point since June. Recently, the production data for August disclosed by listed companies in the pig farming industry showed a month-on-month decline in pig prices. In terms of the spot market, according to Zhuochuang data, the average price of white strip pork in key northern markets last week was 17.79 yuan/kg, up 2.2% month-on-month. The average price of white strip pork in key southern markets was 18.42 yuan/kg, up 1.92% month-on-month. According to Articles 28 and 29 of the Anti-Dumping Regulations, the investigating authorities have decided to implement temporary anti-dumping measures in the form of deposits. Starting from September 10, 2025, importers should provide corresponding deposits to the Customs of the People's Republic of China based on the deposit ratio determined in the preliminary ruling when importing the investigated products. Teng Yujie, a pig analyst at Shanghai Ganglian Agricultural Products Business Division, believes that on the one hand, anti-dumping measures may lead to a relative reduction in pork supply, especially affecting by-products more significantly, which will also affect the costs of the catering and food processing industries that rely on imports; on the other hand, the narrowing price difference between imported and domestic pork is conducive to a shift in demand towards domestic products. In the medium to long term, this will help restructure the market competition landscape, strengthen the stability of the domestic pig industry chain and promote the market entering a phase of rebalancing.