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Guosheng Securities: Pig prices stabilize before the holiday, and farming profits recover.
Due to the industry's consistent expectation of a drop in pig prices after the Spring Festival, there was a phenomenon of reducing weight and rushing to market before the holiday, but this also overspent the market supply before the Spring Festival. As concentrated stocking peaked before the holiday, pig prices are expected to stabilize and increase.
National Bureau of Statistics: In early January, the price of live pigs was 16.1 yuan per kilogram, an increase of 2.5% month-on-month.
On January 14, the National Bureau of Statistics released the changes in market prices of important production materials in circulation in early January 2025.
Muyuan Foods (002714.SZ): As of the end of December 2024, the company's hog inventory is over 47 million heads.
On January 13, Gelonghui reported that Muyuan Foods (002714.SZ) stated on the investor interaction platform that by the end of December 2024, the company’s hog inventory would exceed 47 million heads. The company formulates its inventory plan reasonably based on market demand and development planning. As the demand increases approaching the Spring Festival, the company appropriately increased sales in December to ensure market supply, resulting in a decrease in inventory compared to the previous period.
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