Sow inventory decreased to 46.86 million head at the end of April
According to 4,000 monitoring sites, domestic sow inventory was 46.86 million heads at the end of April, a 2.2% decrease from March.
Live pig inventory was about 428.5 million heads, deceased 1.3% compared with last month.
Live pig price start to increase quickly form beginning of May, reaching to CNY 14.4/Kg. one important reason for the increase: backlog live pig before Spring Festival was slaughtered during March and April, so slaughter number in May decreased relatively.
It is forecasted that live pig price and profit is breakeven in short term and long term turnover point need further confirmation.