haitong sec: Holiday pig prices first suppressed and then rose, and the significant widening of the difference in fat price.

The benchmark supply of live pigs depends on the breeding sows and production efficiency, and November and December of 2023 and January of 2024 are the stages with the fastest capacity digestion. The breeding sows also decrease to a relatively low level, while it is also the most severe phase of winter diseases, corresponding to the insufficient benchmark supply in October.

Zhitong Finance01:46 ET

GF Securities: Pork prices in the fourth quarter are expected to continue to be strong, focusing on the recovery of autumn aquatic seedling investments.

During the National Day holiday, the price of pork continued to fluctuate. Considering the significant decline in the number of piglets born in the first half of the year, combined with the traditional peak season for consumption in the fourth quarter, it is expected that pork prices will continue to maintain a strong performance in the fourth quarter.

Zhitong FinanceOct 8 04:21 ET

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.

cls.cnSep 29 06:22 ET

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.

cls.cnSep 24 08:07 ET

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.

cls.cnSep 8 22:35 ET

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.

Zhitong FinanceAug 26 02:07 ET