In general, the live hog market is gradually stabilizing in all three regions after many consecutive days of adjustment up and down. According to a survey, the live hog price nationwide is currently fluctuating between 64,000-69,000 VND/kg. The price of pork and beef in the US increased due to increased purchases.
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| Pig price today, October 4: prices in 3 regions are gradually stabilizing; Pork prices in the US in early October are increasing. Illustrative photo. (Source: Vincom) |
Pig price today 10/4
*Pig price in the North:
The Northern live hog market recorded no adjustment this morning. Currently, the provinces and cities in the region maintain transaction prices at around 68,000-69,000 VND/kg.
Specifically, after increasing by 1 price in two provinces on the morning of October 3, the level of 69,000 VND/kg is being recorded in the following localities: Bac Giang , Thai Nguyen, Hung Yen, Hai Duong, Thai Binh and Hanoi.
*Pig price in the Central Highlands region
The Central Highlands region has the same trend of moving sideways in the range of 64,000-68,000 VND/kg in this morning's session.
Of which, Thanh Hoa, Nghe An and Ha Tinh are the provinces with higher purchasing prices than the remaining provinces in the region, at 67,000-68,000 VND/kg.
*Pig price in the Southern region
In the Southern region, the price decreased by 1,000 VND/kg in An Giang, to 64,000 VND/kg. On the other hand, Long An adjusted up by 1,000 VND/kg, reaching 66,000 VND/kg.
Today's live pig prices in the remaining provinces and cities in the region are all calm. Currently, live pigs in this area are being bought and sold at around 64,000-66,000 VND/kg.
*According to Reuters , citing market analysts, pork prices on October 2 on the Chicago Mercantile Exchange (CME) increased and beef futures prices also increased.
The price of pork futures for December 2024 delivery on the CME exchange increased by 2.15 cents to 76.750 cents/Lb, while the price of pork futures for October 2024 delivery increased by 1.175 cents to 84.675 cents/Lb.
Live cattle futures for December 2024 delivery on the CME increased by 2.525 cents to 187.700 cents/lb. Beef futures for November 2024 delivery on the CME ended the session up 3.875 cents to 248.550 cents/lb.
Increased technical buying activity provided additional support for cattle futures on Oct. 2, 2024, said Karl Setzer, partner at Consus Ag Consulting. Spot cattle prices remained steady at high levels, despite relatively slow trading, analysts said.
“With the strength of the US dollar, traders are thinking that consumer spending could improve, which also helps to boost red meat prices,” said Mr Setzer.
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