What will be the price of hogs before Chinese New Year in 2023

Hog prices rebounded slightly before the Chinese New Year in 2023.

After a small rebound in the end of December 2022, hog prices saw a counterintuitive move down during New Year's Day 2023. In previous years, before and after New Year's Day is the traditional pork consumption season, but after New Year's Day in 2023, hog prices have perversely fallen again and again, superimposed on the impact of the epidemic, consumption is less than expected, the goods are not good, and the price of hogs also fell back sharply.

The price of hogs fluctuates, before the Spring Festival is the peak of the year's consumption, plus with the peak of the infection passed one after another, the market consumption will gradually warm up, so before the year hog prices are expected to usher in a certain rebound, but will not appear to be a sharp rise. Now the epidemic is improving, everyone's living order back to normal, holiday consumption boost effect gradually enhance, catering will be fully restored, pork consumption will increase significantly, favorable seasonal rebound in pig prices. With the arrival of the Spring Festival, pig prices may usher in a "small spring", but rising resistance is still not small, before the Spring Festival, the price of small shock.

The impact of pork prices on people's lives

1, price changes affect production.

2, meat prices rise, producers profit increased, hog production will expand.

3. Price changes cause a decrease in consumption.

4. As meat prices rise, pork consumption will decrease and turn to increased consumption of pork substitutes.

5. But pork, as a necessity of life, will lead to an increase in the cost of living and a decline in the standard of living of the population.