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CICC: In October, pig prices continued to decline, while the number of animals slaughtered continued to increase slowly.
From October to mid-November, the pig price continues to decline, but the decline is slow and resilient, mainly due to the small increase in supply and the low acceptance of low prices by the breeding side.
Dongxing: In October, the average price of pigs has adjusted, and the profits of leading farming operations continue to be realized.
At the end of the year, the group enterprise's realization of slaughter volume on the supply side and the situation of increasing weight at the industry end are present. On the demand side, with the cooling weather and traditional consumer boost from preserved meat for the Lunar New Year, in the game of supply and demand thriving, there may be a phase of price rebound in the future.
huaan: It is expected that the enthusiasm for restocking will remain weak in Q4 2024, while pig prices in 2025 will receive strong support.
At the end of the third quarter, the average debt-to-asset ratio of listed pig companies remained high at 61.5%, and winter is a peak period for outbreaks in the north. As of now, pork prices are also lower than in Q3, and it is expected that the enthusiasm for restocking in Q4 will be weaker than in Q3, with restocking enthusiasm continuing to be sluggish.
Tecon Biology's Pig Sales Revenue Jumps 15% in October
Tiankang Biology: Briefing on pig sales in October 2024
tecon biology co.ltd (002100.SZ): hog sales revenue in October was 0.471 billion yuan, a year-on-year increase of 14.60%.
Gelonghui November 8th| tepu biology co.ltd (002100.SZ) announced that in October 2024, the company sold 0.2843 million live pigs, with a month-on-month growth of 0.92% and a year-on-year growth of 22.86%; sales revenue was 0.471 billion yuan, with a month-on-month decrease of 11.63% and a year-on-year growth of 14.60%. In October 2024, the average selling price of commercial pigs (excluding piglets and breeding pigs) was 16.91 yuan/kg, a decrease of 6.11% month-on-month. From January to October 2024, the company has accumulated sales of 2.4281 million live pigs, a 6.04% increase compared to the same period last year; accumulated sales
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