Xinhua Daily: Stable Pig Prices Require Resilience and Cohesive Force.

Sina Finance News on March 30: Recently, the price of live pigs has continued to fall, with prices in many places dropping to near historic lows. The price of pigs is connected to the people's "basket of vegetables" on one end and to the farmers' "money bags" on the other, affecting both livelihood security and market stability, requiring close attention and precise responses. The significant drop in the price of live pigs in this round is influenced by multiple factors. On the demand side, due to changes in population structure and the diversification of livestock product consumption, pork consumption is stabilizing but slightly weak, coupled with the off-season consumption after the Spring Festival, leading to sustained weak demand. On the supply side, the production capacity of live pigs is temporarily high, production efficiency is rapidly improving, and market supply is at a high level. At the same time, the cost of pig feed such as soybean meal is rising, causing some farmers to face losses and hoping for stable pig prices. Faced with a complex situation, stabilizing pig prices, ensuring supply, and protecting people's livelihoods require the government and the industry to work together and unite their efforts.