Pig prices hover at 9-week low, large-scale farming enterprises into the brink of losses

although the avian flu hit to let the sales of fresh products rise, but pig and pork prices continue to hover at low levels, some large pig breeding enterprises into the brink of lossNq9
The National Development and Reform Commission (NDRC) announced yesterday that the price of pigs in large and medium-sized cities across the country edged up 0.3% between April 24 and May 1, with the pig grain ratio of 5.27 for the week, the ninth consecutive week below the widely recognized break-even point of pig farming at 6.00Data released by the National Bureau of Statistics on May 6 showed that the average price of pork fell again in 50 cities across the country between April 21 and 30, with the price of pork on the back of the hips (back leg meat) down 0.9% month-on-month and the price of pentacostal meat down 0.8% month-on-monthNq9
Shuanghui Group executives told the First Financial Daily yesterday that the company's sales of fresh products rose significantly in April due to falling pork prices and shifting consumer demand since avian flu, and that sales of tons were almost flat with meat products, "before our meat sales far exceeded those of fresh products." The executives saidAccording to public information, in 2012 Shuanghui realized meat sales of 23 billion yuan, fresh frozen products sales of 15.4 billion yuanNq9
At the same time, the above-mentioned executives also told reporters that the cost of the current double exchange has been at a historical low"The price of pigs is low, and companies have made timely reserves of raw materials, which makes the cost of enterprises much lowerSo the fall in pork prices in this round is actually a boon to usThe executive saidNq9
　　Yuan Song, an industry analyst at Chihua Business Data, also told reporters that from the annual historical data, pork consumption will rise in general if pork prices fall this year At the same time, the volatility of pork prices is far less than pig prices, so although the current pig prices are very low, but pork products still have a certain profit margin Nq9
　　"Overall, this round of pig price sfall prices is a boon for slaughtering, processing enterprises, especially well-known processing enterprises, but a boon for pig farmers From the whole industrial chain, showing a trend of polarization Yuan Song said Nq9
　　In this regard, Guangdong Wenshi Food Group Co , Ltd a senior official told reporters that the company's pig out of the column price between 6.2 to 6.3 yuan / catty, "although the cost of large-scale farming enterprises is much lower than ordinary farmers, but this price has also been near the cost line." "Another large domestic pig farming enterprise, Eagle Farming (002477 SZ) related to the same concerns expressed to reporters Nq9
　　"The second-quarter results are expected to fall by about 65 to 95 per cent Wu Yide, secretary of the Eagle Agriculture and Livestock Department, told reporters According to the first quarter of 2013, the company's net profit attributable to the parent company fell nearly 48.11 percent year-on-year to 54.39 million yuan Nq9
　　Wu Yide told reporters that at present, the piglets and piglets sales of the eagle farming and animal husbandry have not yet shown a loss, but because the price of pigs fell sharply, the pressure to the piglet sales, may cause the second quarter piglet sales dropped significantly Of the 1.489 million pigs sold by the company last year, more than 70% were piglets Nq9
　　"We have stretched the industrial chain to avoid the risk of pork price fluctuations In addition to pig farming, we now have slaughterhouses and cold storage Once the price of pork falls sharply, the meat can be frozen, pork can be frozen for half a year, and then sold when prices pick up The head of the eagle farm and animal husbandry said Nq9
　　"The pig industry is very cyclical, foreign mature enterprise risk control and risk hedging are very perfect, but the risk avoidance of domestic enterprises is still not in place, " analysts said, "this aspect is because there is no perfect domestic products for enterprises to choose, on the other hand, also related to the thinking of business managers." The head of a leading domestic farming company has said that we have no risk hedging, if the price of pigs fell, we will resist the past "
Nq9 Although the avian flu hit to let the sales of fresh products rise, but pig and pork prices continue to hover at low levels, some large pig farming enterprises into the edge of losses Nq9
　　The National Development and Reform Commission (NDRC) announced yesterday that the price of pigs in large and medium-sized cities across the country edged up 0.3% between April 24 and May 1, with the pig grain ratio of 5.27 for the week, the ninth consecutive week below the widely recognized break-even point of pig farming at 6.00 Data released by the National Bureau of Statistics on May 6 showed that the average price of pork fell again in 50 cities across the country between April 21 and 30, with the price of pork on the back of the hips (back leg meat) down 0.9% month-on-month and the price of pentacostal meat down 0.8% month-on-month Nq9
　　Shuanghui Group executives told the First Financial Daily yesterday that the company's sales of fresh products rose significantly in April due to falling pork prices and shifting consumer demand since avian flu, and that sales of tons were almost flat with meat products, "before our meat sales far exceeded those of fresh products." The executives said According to public information, in 2012 Shuanghui realized meat sales of 23 billion yuan, fresh frozen products sales of 15.4 billion yuan Nq9
　　At the same time, the above-mentioned executives also told reporters that the cost of the current double exchange has been at a historical low "The price of pigs is low, and companies have made timely reserves of raw materials, which makes the cost of enterprises much lower So the fall in pork prices in this round is actually a boon to us The executive said Nq9
　　Yuan Song, an industry analyst at Chihua Business Data, also told reporters that from the annual historical data, pork consumption will rise in general if pork prices fall this year At the same time, the volatility of pork prices is far less than pig prices, so although the current pig prices are very low, but pork products still have a certain profit margin Nq9
　　"Overall, this round of pig price sfall prices is a boon for slaughtering, processing enterprises, especially well-known processing enterprises, but a boon for pig farmers From the whole industrial chain, showing a trend of polarization Yuan Song said Nq9
　　In this regard, Guangdong Wenshi Food Group Co , Ltd a senior official told reporters that the company's pig out of the column price between 6.2 to 6.3 yuan / catty, "although the cost of large-scale farming enterprises is much lower than ordinary farmers, but this price has also been near the cost line." "Another large domestic pig farming enterprise, Eagle Farming (002477 SZ) related to the same concerns expressed to reporters Nq9
　　"The second-quarter results are expected to fall by about 65 to 95 per cent Wu Yide, secretary of the Eagle Agriculture and Livestock Department, told reporters According to the first quarter of 2013, the company's net profit attributable to the parent company fell nearly 48.11 percent year-on-year to 54.39 million yuan Nq9
　　Wu Yide told reporters that at present, the piglets and piglets sales of the eagle farming and animal husbandry have not yet shown a loss, but because the price of pigs fell sharply, the pressure to the piglet sales, may cause the second quarter piglet sales dropped significantly Of the 1.489 million pigs sold by the company last year, more than 70% were piglets Nq9
　　"We have stretched the industrial chain to avoid the risk of pork price fluctuations In addition to pig farming, we now have slaughterhouses and cold storage Once the price of pork falls sharply, the meat can be frozen, pork can be frozen for half a year, and then sold when prices pick up The head of the eagle farm and animal husbandry said Nq9
　　"The pig industry is very cyclical, foreign mature enterprise risk control and risk hedging are very perfect, but the risk avoidance of domestic enterprises is still not in place, " analysts said, "this aspect is because there is no perfect domestic products for enterprises to choose, on the other hand, also related to the thinking of business managers." The head of a leading domestic farming company has said that we have no risk hedging, if the price of pigs fell, we will resist the past "
Nq9