Pig production capacity continues to recover, and market expectations are pessimistic

Golden Ten Futures September 25th news, today's pig disk continued to be weak, as of the close, the main pig 2411 contract closed 16,880 yuan/ton, down 2.48%. Recently, spot shipments have been large, but with the removal of inventory, end point demand has also improved to a certain extent. Spot prices have run to the recent low position, and there is limited room for continued downward pressure. Short-term spot prices continue to maintain a low oscillation structure. It is expected that there will be a peak in sales before the 11th, and prices are expected to continue to adjust downwards in September. However, the current secondary fattening inventory is not high. With the removal of this round of supply pressure, superimposing secondary fattening or re-entering the market in the later stage to bet on the peak season at the end of the year may bring another wave of pig prices. The overall view maintains the view of first suppression and then upward. In terms of operation, pay attention to the performance of this round of pressure removal, and maintain cautious operation on the pig plate for the time being.