2020 Piglet and Pork Price Forecast: What Are the Prospects for Pig Farming?
Pork was the center of attention in 2019. Because of African swine fever, pork prices kept rising, and people said they could no longer afford pork. So what is the forecast for piglet prices in 2020? What are the prospects for farming?
1. 2020 Piglet Price Forecast
In 2019, because of the rise in pork prices, piglet prices also rose to a certain extent. At present, the price of piglets is around 90 yuan/kg. Currently, the piglet price in Shanxi Province is 85 yuan/kg; the piglet price in Shandong Province is 80 yuan/kg; the piglet price in Hubei Province is 100 yuan/kg; the piglet price in Anhui Province is 92 yuan/kg. Piglet prices differ from region to region, so actual conditions should prevail.
In 2020, piglet prices may still rise to a certain extent. On the one hand, because of the impact of African swine fever, pork prices rose, many farms were affected, and the slaughter rate dropped greatly, which led to fewer pigs being bred and a decline in piglet output. On the other hand, because pork prices rose, many small and medium-sized farmers saw that pig farming was profitable, and with policy support and encouragement, they rushed into the pig farming business, leading to increased demand.
2. 2020 Pork Price Forecast
Starting in the second half of 2019, pork prices kept rising. Although the government kept regulating them, pork prices showed no sign of falling back. In 2020, pork prices may not see a large decline for the time being. The start of 2020 coincides with the approaching Spring Festival, when people across the country cure bacon and sausages and need to buy large amounts of pork, while market supply is still relatively low, which will push pork prices up further.
In addition, in the second half of 2019, the state began releasing frozen pork from reserves into the market, and only then did market supply and demand temporarily balance. However, most of the state reserve pork has been used up and the reserves need to be replenished. After pork prices stabilize, purchases will still be made. But pigs slaughtered in 2020 may not be able to meet the needs of the market and reserves, so prices may not fall.
3. What Are the Prospects for Pig Farming in 2020?
Recently, various provinces and cities have issued a large number of support policies for pig farming, and state regulation aims to curb pork prices. Farming pigs in 2020 allows you to enjoy support from various policies, making it a very good choice. In addition, pork prices in 2020 will not fall sharply for a while and may remain high, so farming profits are very good.
Pork has a broad public base in our country and a high level of acceptance. In 2020, both small and medium-sized farmers and large farms can raise pigs, and they may even appropriately expand their scale.