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Has the harsh winter passed? Pig feed demand is now picking up: a frontline salesperson sold 100 tons more in a single month compared to the beginning of the year.
①Affected by the recovery of the breeding market, the demand for first-line pig fodder is trending upwards. Some frontline fodder sales staff have reported: "In September, sales were 100 tons higher than in January."; ② Although pig feed has seen continuous improvement compared to the previous month, there is still a gap compared to the same period last year; ③ According to industry experts, the positive trend in pig feed demand, coupled with low raw material costs, may become a support point for future corporate performance improvement.
Piglet prices 'halved', disagreement on restocking in breeding industry, industry expects pig farming to remain profitable next year | Industry Dynamics
①The price of piglets has plummeted, nearly halving from the highest point this year, with 7KG piglets in some regions falling to 140 yuan each; ② The sentiment of adding pens at the breeding end is now polarized, with some breeders stably adding pens while others are quite cautious; ③ Most breeders and industry experts are optimistic about the overall market outlook for next year, with profitability still being the main trend.
August is the peak period of profitability for pig enterprises, with daily profits exceeding one billion yuan. | Industry News
①In August, the pig market continued to recover, with sales prices of major pig companies reaching a new high this year; ②The peak of profitability for pig companies still focuses on reducing costs and increasing efficiency. Muyuan Foods, Shennong Group, and Wens Foodstuff Group have all reduced their fully loaded costs to below 14 yuan/kg; ③Some industry insiders believe that breeding companies will continue to maintain a considerable profit trend this year.
Minsheng Securities: Pig prices continue to fluctuate in the high prosperity range, waiting for positive transmission in the post-cycle.
The number of newborn piglets has a turning point since October 2023. Pushing back six months means that April 2024 will mark the turning point for the number of pigs slaughtered, with later pig supply pressures easing month by month.
Huachuang Securities: White chicken prices rebound in July, and industry profits may improve in the second half of the year.
From a long-term perspective, the cost-effectiveness and economic advantages of white chicken as the animal protein with the lowest feed-meat ratio will be further demonstrated, highlighting the long-term growth potential of the industry.
Swhy Research: Pig prices hit new highs, grasp the profits of livestock and poultry breeding, pay attention to the bottom of the industry and the transformation of seed industry.
Under weak demand and expectations, Swhy research believes that the supply side has a "expectation gap" which is the core reason for the strong performance of pig prices in this round, exceeding the main expectations of the industry and the market.
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