Direct hit: Hundreds of pig farms in Hunan have "rotten tails", and piglets are cheap as roast suckling pigs

On October 14, the National Bureau of Statistics released data showing that in September 2021, national consumer prices rose by 0.
7% year-on-year, of which food prices fell by 5.
2%; among food, pork prices fell by 46.
9% year-on-year
.

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

Affected by the sharp drop in domestic hog prices, the hog breeding industry fell into a collective loss
.

Wang Quan, a veteran of the pig breeding industry, was interviewed by a reporter from China Economic Weekly on October 17th: "After the explosive growth in the past two years, the leading companies in the pig industry have suffered deep losses, and large-scale losses have caused the industry to enter a'winter'.

When the pig industry collectively lost money, some pork stocks rose gratifyingly
.

What is the cause of this contrast? When pig farming enters the "winter", when will the pork market bottom out? A reporter from China Economic Weekly conducted an in-depth investigation into breeding companies

1.
The leading pigs have a huge loss on a large scale, and the piglets are sold cheaply to the roast suckling pig shopGXM China Feed Industry Information Network-Based on feed, serving animal husbandry

Since the beginning of this year, the domestic live pig production capacity has recovered, and the current situation of oversupply of live pigs in the market can give a glimpse of the changes in the piglet market
.

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

On October 17, Lin Lin, the head of a pig breeding company in the central region, told the reporter of China Economic Weekly that at present, there is a dilemma in some areas of China that piglets frequently fall in price and no one cares about it.
Can choose to sell it to the roast suckling pig shop vendor at a price of 20-30 yuan per piglet
.

This detonated the suckling pig business in some places

Selling piglets as roast suckling pigs is unprecedented in the pig industry
.

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

"In the past, everyone didn't dare to imagine this situation, but now it has become a reality
.

" Lin Lin said, behind the piglet unattended, is the restoration of pig production capacity

This reflects the reality of overcapacity in the current live pig market
.

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

Lin Lin calculated an account for the reporter.
At present, the market price of newly born piglets is 300 yuan/head, and the market price of piglets after weaning is 500-600 yuan/head, but now the piglet farmers are paying 20-30 yuan/head.
The price of selling to roast suckling pig shop vendors, a piglet leaving the hand means a loss of more than 300 yuan
.

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

According to a CCTV financial report, the number of reproductive sows in China is picking up rapidly, from 19.
13 million at the end of September 2019 to 45.
64 million at the end of June this year, an increase of 2.
3 times
.

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The large increase in fertile sows means that the supply of live pigs is also increasing, which has caused the price of live pigs to fall sharply, which has also affected the live pig industry
.

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The performance forecasts for the first three quarters of the listed pig companies announced in early October show that due to the sharp drop in the price of live pigs, in addition to the use of "self-reproduction and self-raising", which is the most cost-effective pig raising model, Muyuan shares remain profitable.
The industry experienced huge losses on a large scale (see table)
.

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Taking Wen's shares as an example, the company expects a loss of 9.
25 billion yuan to 9.
75 billion yuan in the first three quarters, a year-on-year decrease of 212%-218%
.
Regarding the reasons for the decline in performance, Wen's explained that due to the continuous decline in domestic live pig prices, the pig industry suffered a full loss in the third quarter.
In addition to the continuous increase in the price of feed ingredients, the company’s slaughter pigs included purchased fry and fattening pigs.
, Disposal of low-efficiency breeding pigs and other factors pushed up the cost of pig raising, and the company's pig breeding business experienced deep losses in the first three quarters
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In addition, a reporter from "China Economic Weekly" found that the leading companies in the pig industry such as Tianbang, Muyuan, and New Hope attribute their losses to: the recovery of domestic pig production capacity, the oversupply of pork on the market, the sharp drop in pig prices, and the cost of feed breeding.
The increase, etc.
, together led to a "blood loss" in the pig industry
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Zhang Yun, general manager of a state-owned pig breeding company, said in an interview with China Economic Weekly, "The cost control capabilities of various pig breeding companies are different.
One can imagine the cost pressure of the
company.
If the company cannot match the scale of pig raising in terms of management and control mode, team building, technical capabilities, and process reengineering, then the radical expansion of production capacity means that cost control capabilities are weakened and the loss gap is greater.

.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　2.
Various sources confirmed that some pig farm projects have breached the contract and "unfinished"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Behind the decline in pork prices is the reality of the expansion of the production capacity of a large number of pig breeding companies
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Since 2020, attracted by the pig dividends, a large amount of funds have poured into breeding companies, and major pig breeding companies have begun to "enclose the land" all over the country
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In late August 2020, Tang Renshen Chairman Tao Yishan once stated to China Economic Weekly: “According to incomplete statistics, the scale of the pig raising projects under construction or to be built by major pig raising companies in China will reach 2 billion pigs.
, And China’s pork consumption is only 650 million heads.
In the future, the pig industry will have overcapacity or face a disaster
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　A year later, Tao Yishan's words became true, and the problems caused by the expansion of pig production capacity have gradually surfaced
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In September this year, a "Notice on the Economic Dispatch of the "Unfinished" Projects of Large Enterprises in 2021" (hereinafter referred to as the "Notice") attracted attention on the Internet
.
The title of the "Notice" is "Hunan Provincial Animal Husbandry and Fisheries Affairs Center"
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The "Notice" pointed out that, "in the past two years, due to the dual positive stimulus of the market and policies, leading companies have expanded rapidly and run with high debt.
After February, the price of live pigs has continued to fall
.
Awareness is weak.
In recent years, some of the projects that have been put into production in our province have violated their contracts and withdrawn funds, projects under construction have stopped production and work, and defaulted on construction and maintenance fees for cooperative farms have occurred from time to time, which has become a major hidden danger in the current agricultural economic operation.

.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The "Notice" also pointed out that "Jiangxi Zhengbang Group's projects in many places in our province are'unfinished', causing serious damage to farmers
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　"China Economic Weekly" reporters have verified from various parties that the "unfinished" projects mentioned in the "Notice" and the damage to farmers do exist
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Bai Yan, a business person in charge of a pig farming company for more than 20 years, told the reporter of China Economic Weekly that "The pig farm project's'unfinished' has attracted the attention of relevant parties in Hunan Province
.
Farmers, pig farm contractors, investors, etc.
are involved.
Among them
.
It is conservatively estimated that these projects have basically lost 5-6 billion yuan
.
Entering 2021, as the pig breeding dividends ebb, leading pig breeding companies will continue to lose money, and'unfinished' pig farm projects have also begun to appear
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Wang Quan confirmed to a reporter from China Economic Weekly that due to the continuous decline in pig prices, some leading pig breeding companies have suffered serious losses, and many projects invested in Hunan in the early stage have been suspended
.
This is also one of the reasons why many pig farm projects have "unfinished"
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　"There are hundreds of'unfinished' pig farm projects
in Hunan alone .
Compared with the crazy capacity expansion in the early stage, the pig production capacity expansion of such leading companies has slowed down a lot.
Some companies originally planned to build farms in Hunan.
Raising 800,000 sows, there may not be 80,000 sows now
.
" Wang Quan said
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Lin Lin told the reporter of China Economic Weekly: “The blind expansion of production capacity by leading pig companies in the early stage has led to a strained capital chain.
In addition to serious losses, many pig
farm projects have been'unfinished .
' I have taken over; the leasing of the pig farm project that was originally agreed upon, the lessor is not renting it now
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Since pig breeding is a highly cyclical industry, during the low tide of pig breeding dividends, some breeding companies have weaker control and technical capabilities, and lack of financing and anti-risk capabilities have also been highlighted
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Wang Quan said frankly: “Now the small-scale pig breeding business owners can only reduce the scale, and they will go bankrupt if
they don’t reduce the scale .
These non-listed pig breeding companies have neither financing capabilities nor technical management capabilities, so it is difficult to grow larger
.
Their financing capabilities There is no way to compare with the listed pig companies, and naturally it is impossible to improve their own risk control capabilities
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　3.
The pig market has entered a "cold winter", but the price of pork stocks has risenGXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Many market participants said that the past few months have been the most difficult period for pig breeding, and the entire industry has entered a "cold winter"
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to data from the official website of the Ministry of Agriculture and Rural Affairs, the national average pork wholesale price has declined month by month during the year, from 46.
71 yuan/kg in January to 19.
36 yuan/kg on October 15
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Previously, on October 7, Caixin Securities issued a research report stating that pork prices continued to decline, with the average wholesale price falling to 19.
02 yuan/kg.
From September 27 to September 30, the price of pigs and food continued to fall to 4.
20, and the supply of live pigs continued.
Increased, the demand for pork improved as the weather turned cooler, but it was still relatively weak
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Lin Lin told the reporter of China Economic Weekly, "Considering that pork supply is still relatively loose now, with the influence of the Spring Festival and other holiday factors in the fourth quarter, pork prices may rebound slightly, but the probability of pork prices reversing is unlikely.
The up and down fluctuations will continue for some time
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Tianfeng Securities analysts pointed out that from the current live pig price, the price is continuing to fall.
If the price continues to stay at a low level in the future, it may cause some farms (households) to accelerate the elimination of breeding sows.
The price reversal in the middle of the month lays a certain theoretical foundation
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Interestingly, on October 11, the news of the fourth batch of annual central reserve pork purchasing and storage by multiple departments came out, and the live pig futures rose by the limit
.
Live pig futures 2111, 2201, 2203 and other contracts are sealed on the daily limit board for the first time since listing
.
Following this, individual pork stocks also quickly drove the rise, showing a large-scale rise
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to data from Eastern Fortune Choice, 8 of the 9 stocks in the Shenwan Pig sector recorded positive growth during the 6 trading days in October alone
.
In September, New Hope surged 34.
9% in a single month, leading the gains in the sector; Muyuan shares rose more than 22%, Zhengbang Technology, Tianbang shares and other stocks have performed well
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Although the hog industry is in a "winter", the stocks of the hog breeding sector have skyrocketed
.
What signal does this reveal?GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Wang Quan told the reporter of China Economic Weekly: “The pork market has basically bottomed out
.
Now the pork'cabbage price' has not bottomed out.
When will it bottom out? Market institutions have a more sensitive sense of opportunity than ordinary investors.
Many, they have seen this turning point in the live pig market
.
It can be said that the bottom of the pork stock market has been determined
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　(Lin Lin, Zhang Yun, Wang Quan, and Bai Yan are pseudonyms)GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

 　　On October 14, the National Bureau of Statistics released data showing that in September 2021, national consumer prices rose by 0.
7% year-on-year, of which food prices fell by 5.
2%; among food, pork prices fell by 46.
9% year-on-year
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Affected by the sharp drop in domestic hog prices, the hog breeding industry fell into a collective loss
.
Wang Quan, a veteran of the pig breeding industry, was interviewed by a reporter from China Economic Weekly on October 17th: "After the explosive growth in the past two years, the leading companies in the pig industry have suffered deep losses, and large-scale losses have caused the industry to enter a'winter'.
Some leading pig raising pig farms have been'unfinished' in pig farms all over the country
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　When the pig industry collectively lost money, some pork stocks rose gratifyingly
.
What is the cause of this contrast? When pig farming enters the "winter", when will the pork market bottom out? A reporter from China Economic Weekly conducted an in-depth investigation into breeding companies
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　1.
The leading pigs have a huge loss on a large scale, and the piglets are sold cheaply to the roast suckling pig shopGXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　1.
The leading pigs have a huge loss on a large scale, and the piglets are sold cheaply to the roast suckling pig shop

　　Since the beginning of this year, the domestic live pig production capacity has recovered, and the current situation of oversupply of live pigs in the market can give a glimpse of the changes in the piglet market
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On October 17, Lin Lin, the head of a pig breeding company in the central region, told the reporter of China Economic Weekly that at present, there is a dilemma in some areas of China that piglets frequently fall in price and no one cares about it.
Can choose to sell it to the roast suckling pig shop vendor at a price of 20-30 yuan per piglet
.
This detonated the suckling pig business in some places
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Selling piglets as roast suckling pigs is unprecedented in the pig industry
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　"In the past, everyone didn't dare to imagine this situation, but now it has become a reality
.
" Lin Lin said, behind the piglet unattended, is the restoration of pig production capacity
.
As the price of live pigs has fallen, many farmers have accelerated the elimination of disadvantaged sows, reduced restocking, and were unwilling to continue to purchase piglets to avoid falling into the dilemma of pig raising losses
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　This reflects the reality of overcapacity in the current live pig market
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Lin Lin calculated an account for the reporter.
At present, the market price of newly born piglets is 300 yuan/head, and the market price of piglets after weaning is 500-600 yuan/head, but now the piglet farmers are paying 20-30 yuan/head.
The price of selling to roast suckling pig shop vendors, a piglet leaving the hand means a loss of more than 300 yuan
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to a CCTV financial report, the number of reproductive sows in China is picking up rapidly, from 19.
13 million at the end of September 2019 to 45.
64 million at the end of June this year, an increase of 2.
3 times
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The large increase in fertile sows means that the supply of live pigs is also increasing, which has caused the price of live pigs to fall sharply, which has also affected the live pig industry
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The performance forecasts for the first three quarters of the listed pig companies announced in early October show that due to the sharp drop in the price of live pigs, in addition to the use of "self-reproduction and self-raising", which is the most cost-effective pig raising model, Muyuan shares remain profitable.
The industry experienced huge losses on a large scale (see table)
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Taking Wen's shares as an example, the company expects a loss of 9.
25 billion yuan to 9.
75 billion yuan in the first three quarters, a year-on-year decrease of 212%-218%
.
Regarding the reasons for the decline in performance, Wen's explained that due to the continuous decline in domestic live pig prices, the pig industry suffered a full loss in the third quarter.
In addition to the continuous increase in the price of feed ingredients, the company’s slaughter pigs included purchased fry and fattening pigs.
, Disposal of low-efficiency breeding pigs and other factors pushed up the cost of pig raising, and the company's pig breeding business experienced deep losses in the first three quarters
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In addition, a reporter from "China Economic Weekly" found that the leading companies in the pig industry such as Tianbang, Muyuan, and New Hope attribute their losses to: the recovery of domestic pig production capacity, the oversupply of pork on the market, the sharp drop in pig prices, and the cost of feed breeding.
The increase, etc.
, together led to a "blood loss" in the pig industry
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Zhang Yun, general manager of a state-owned pig breeding company, said in an interview with China Economic Weekly, "The cost control capabilities of various pig breeding companies are different.
One can imagine the cost pressure of the
company.
If the company cannot match the scale of pig raising in terms of management and control mode, team building, technical capabilities, and process reengineering, then the radical expansion of production capacity means that cost control capabilities are weakened and the loss gap is greater.

.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　2.
Various sources confirmed that some pig farm projects have breached the contract and "unfinished"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　2.
Various sources confirmed that some pig farm projects have breached the contract and "unfinished"

　　Behind the decline in pork prices is the reality of the expansion of the production capacity of a large number of pig breeding companies
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Since 2020, attracted by the pig dividends, a large amount of funds have poured into breeding companies, and major pig breeding companies have begun to "enclose the land" all over the country
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In late August 2020, Tang Renshen Chairman Tao Yishan once stated to China Economic Weekly: “According to incomplete statistics, the scale of the pig raising projects under construction or to be built by major pig raising companies in China will reach 2 billion pigs.
, And China’s pork consumption is only 650 million heads.
In the future, the pig industry will have overcapacity or face a disaster
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　A year later, Tao Yishan's words became true, and the problems caused by the expansion of pig production capacity have gradually surfaced
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In September this year, a "Notice on the Economic Dispatch of the "Unfinished" Projects of Large Enterprises in 2021" (hereinafter referred to as the "Notice") attracted attention on the Internet
.
The title of the "Notice" is "Hunan Provincial Animal Husbandry and Fisheries Affairs Center"
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The "Notice" pointed out that, "in the past two years, due to the dual positive stimulus of the market and policies, leading companies have expanded rapidly and run with high debt.
After February, the price of live pigs has continued to fall
.
Awareness is weak.
In recent years, some of the projects that have been put into production in our province have violated their contracts and withdrawn funds, projects under construction have stopped production and work, and defaulted on construction and maintenance fees for cooperative farms have occurred from time to time, which has become a major hidden danger in the current agricultural economic operation.

.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The "Notice" also pointed out that "Jiangxi Zhengbang Group's projects in many places in our province are'unfinished', causing serious damage to farmers
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　"China Economic Weekly" reporters have verified from various parties that the "unfinished" projects mentioned in the "Notice" and the damage to farmers do exist
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Bai Yan, a business person in charge of a pig farming company for more than 20 years, told the reporter of China Economic Weekly that "The pig farm project's'unfinished' has attracted the attention of relevant parties in Hunan Province
.
Farmers, pig farm contractors, investors, etc.
are involved.
Among them
.
It is conservatively estimated that these projects have basically lost 5-6 billion yuan
.
Entering 2021, as the pig breeding dividends ebb, leading pig breeding companies will continue to lose money, and'unfinished' pig farm projects have also begun to appear
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Wang Quan confirmed to a reporter from China Economic Weekly that due to the continuous decline in pig prices, some leading pig breeding companies have suffered serious losses, and many projects invested in Hunan in the early stage have been suspended
.
This is also one of the reasons why many pig farm projects have "unfinished"
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　"There are hundreds of'unfinished' pig farm projects
in Hunan alone .
Compared with the crazy capacity expansion in the early stage, the pig production capacity expansion of such leading companies has slowed down a lot.
Some companies originally planned to build farms in Hunan.
Raising 800,000 sows, there may not be 80,000 sows now
.
" Wang Quan said
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Lin Lin told the reporter of China Economic Weekly: “The blind expansion of production capacity by leading pig companies in the early stage has led to a strained capital chain.
In addition to serious losses, many pig
farm projects have been'unfinished .
' I have taken over; the leasing of the pig farm project that was originally agreed upon, the lessor is not renting it now
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Since pig breeding is a highly cyclical industry, during the low tide of pig breeding dividends, some breeding companies have weaker control and technical capabilities, and lack of financing and anti-risk capabilities have also been highlighted
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Wang Quan said frankly: “Now the small-scale pig breeding business owners can only reduce the scale, and they will go bankrupt if
they don’t reduce the scale .
These non-listed pig breeding companies have neither financing capabilities nor technical management capabilities, so it is difficult to grow larger
.
Their financing capabilities There is no way to compare with the listed pig companies, and naturally it is impossible to improve their own risk control capabilities
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　3.
The pig market has entered a "cold winter", but the price of pork stocks has risenGXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　3.
The pig market has entered a "cold winter", but the price of pork stocks has risen

　　Many market participants said that the past few months have been the most difficult period for pig breeding, and the entire industry has entered a "cold winter"
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to data from the official website of the Ministry of Agriculture and Rural Affairs, the national average pork wholesale price has declined month by month during the year, from 46.
71 yuan/kg in January to 19.
36 yuan/kg on October 15
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Previously, on October 7, Caixin Securities issued a research report stating that pork prices continued to decline, with the average wholesale price falling to 19.
02 yuan/kg.
From September 27 to September 30, the price of pigs and food continued to fall to 4.
20, and the supply of live pigs continued.
Increased, the demand for pork improved as the weather turned cooler, but it was still relatively weak
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Lin Lin told the reporter of China Economic Weekly, "Considering that pork supply is still relatively loose now, with the influence of the Spring Festival and other holiday factors in the fourth quarter, pork prices may rebound slightly, but the probability of pork prices reversing is unlikely.
The up and down fluctuations will continue for some time
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Tianfeng Securities analysts pointed out that from the current live pig price, the price is continuing to fall.
If the price continues to stay at a low level in the future, it may cause some farms (households) to accelerate the elimination of breeding sows.
The price reversal in the middle of the month lays a certain theoretical foundation
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Interestingly, on October 11, the news of the fourth batch of annual central reserve pork purchasing and storage by multiple departments came out, and the live pig futures rose by the limit
.
Live pig futures 2111, 2201, 2203 and other contracts are sealed on the daily limit board for the first time since listing
.
Following this, individual pork stocks also quickly drove the rise, showing a large-scale rise
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to data from Eastern Fortune Choice, 8 of the 9 stocks in the Shenwan Pig sector recorded positive growth during the 6 trading days in October alone
.
In September, New Hope surged 34.
9% in a single month, leading the gains in the sector; Muyuan shares rose more than 22%, Zhengbang Technology, Tianbang shares and other stocks have performed well
.
GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Although the hog industry is in a "winter", the stocks of the hog breeding sector have skyrocketed
.
What signal does this reveal?GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Wang Quan told the reporter of China Economic Weekly: “The pork market has basically bottomed out
.
Now the pork'cabbage price' has not bottomed out.
When will it bottom out? Market institutions have a more sensitive sense of opportunity than ordinary investors.
Many, they have seen this turning point in the live pig market
.
It can be said that the bottom of the pork stock market has been determined
.
"GXM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　(Lin Lin, Zhang Yun, Wang Quan, and Bai Yan are pseudonyms)GXM China Feed Industry Information Network-Based on feed, serving animal husbandry