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"Pork is cheaper than many vegetables now!" said a Chengdu citizen
Industry insiders believe that the cost of pig breeding will continue to rise
Pig prices continue to fall
Data from the Ministry of Agriculture and Rural Affairs showed that the national average price of live pigs in the third week of March was 12.
While hog prices have fallen, feed prices have continued to rise
Li Ming (pseudonym), the person in charge of a pig breeding enterprise in central China, told the China Securities Journal that the cost of pig breeding is generally between 17 yuan/kg and 18 yuan/kg, and the loss has made many companies' cash flow tight
On March 22, the Ministry of Agriculture and Rural Affairs held a department coordination meeting
It will take time for pig prices to stabilize
Industry insiders said that under the influence of multiple factors, the cost of pig breeding will further increase in the future
Bai Wenxi, chief economist of IPG China, believes that driven by the sharp rise in feed raw material prices, the performance pressure of major pig companies will be more severe, but it is difficult to take the initiative to withdraw production capacity, and the market pattern of oversupply and industry fundamentals will be short-term.
Wang Qiang (pseudonym), the head of a listed company engaged in pig farming, told the China Securities Journal, "The current pig price should be in the bottom area.
Zhang Minggui, executive chairman and president of New Hope, believes that "2022 will be a challenging year for the pig industry
Sun Shuangsheng believes that the current pig cycle has reached the bottom position, "In 2019 and 2020, affected by African swine fever, the industry will cut production capacity very quickly, resulting in tension between supply and demand.
Coping with the cycle
Faced with the downturn in the cycle, listed companies engaged in pig farming have actively responded by reducing costs and increasing efficiency and expanding financing
Cost reduction is an important measure for current breeding enterprises to deal with rising costs
Smart farming is also a magic weapon to reduce costs
To smoothly pass through the pig cycle, the security of the capital chain is also crucial
A researcher from COFCO Futures said that at present, large-scale pig breeding enterprises are gradually completing the formation of futures teams and continuously improving their research and trading systems.
