The pig price dropped to about 5 yuan, and the pig company began to "come miserably"

Once fortunes were made by raising pigs, now pig farming companies are losing money

Recently, a number of pig breeding companies have intensively released performance forecasts for the first three quarters, as if they have opened a "tragic meeting

Pig breeding companies shout "losses"

On the evening of the 14th, Muyuan Co.

In contrast, the other two leading pig breeding companies, Wen's shares and New Hope, are in a worse situation

Wen's shares are expected to have a net profit loss of 9.

According to the analysis, Zhengbang Technology is the pig breeding company with the largest decrease in net profit.

Although Muyuan and Dongrui are the only companies with pre-profits in the first three quarters, looking at the third quarter performance forecast alone, Muyuan has entered the "loss camp

In addition, the third-quarter performance of other hog breeding companies also experienced increased losses

For example, Wen's third-quarter net profit loss attributable to shareholders of listed companies is expected to be 6.

The price of live pigs dropped sharply, and the industry suffered a total loss in the third quarter

Regarding the performance changes, Wen's Co.

The drop in live pig prices and the increase in feed prices have also become factors of performance changes frequently mentioned in the performance forecasts of other live pig breeding companies

Based on the "Agricultural Product Wholesale Price 200 Index" published by the Ministry of Agriculture and Rural Affairs, as of September 30, the average pork price in the national agricultural product wholesale market has fallen by 58.

"Affected by the resumption of production in the early stage, the production of live pigs has continued to be released since the second half of 2020, and the price of pigs has fluctuated and dropped, and continues to bottom out

According to the monitoring by the Ministry of Agriculture and Rural Affairs on the country’s 500 county fairs and collection points, the national average price of corn in the first week of October was 2.

The fourth quarter performance is still bleak?

A reporter from Chinanews.

In a supermarket in Xicheng District, Beijing, the front and rear tip of pork are priced at 11.

In the face of pork prices "falling down endlessly", on October 10, the Ministry of Commerce, together with the National Development and Reform Commission, the Ministry of Finance and other departments, purchased and stored 30,000 tons of central reserve pork, and deployed them in 12 provinces
.

"In general, in the next stage, as the demand for meat pickling in some areas continues to increase, coupled with the boosting effect of New Year's Day and Spring Festival holiday consumption, the demand for pork consumption will increase
.
At the same time, the second round of the central government's Frozen pork
procurement and storage are about to start, all of which are conducive to the stability of pork prices .
" Fu Linghui, spokesperson for the National Bureau of Statistics, said on the 18th
.

“The pig price at the end of September was close to the lowest point in history, and the industry entered a deep loss range
.
” GF Securities predicts that the third quarter will be the quarter with the greatest pressure on profits for most breeding companies, and the loss of breeding companies is expected to converge after the fourth quarter
.

　　The price of pork has plummeted.
Would you take this opportunity to stock up more pork?