The price of live pigs fell 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
.

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

Pig breeding companies shout "losses"yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

On the evening of the 14th, Muyuan Co.
, Ltd.
released its first three-quarter performance forecast.
It is expected to achieve net profit attributable to shareholders of listed companies of 8.
5 billion to 9 billion yuan, a year-on-year decrease of 57.
12%-59.
50%
.

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.
25 billion-975 billion yuan attributable to shareholders of listed companies in the first three quarters.
It is temporarily the "performance loss king", down 212.
24%-218.
30% year-on-year; during the same period, New Hope is expected to be attributable to shareholders of listed companies The net profit loss of 5.
995 billion yuan to 6.
395 billion yuan, a year-on-year decrease of 217.
91%-225.
77%
.

　　According to the analysis, Zhengbang Technology is the pig breeding company with the largest decrease in net profit.
It is estimated that the net profit attributable to shareholders of listed companies in the first three quarters will drop by 227.
92% to 246.
33% year-on-year
.

　　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.
752 billion-7.
252 billion yuan, which is not only much higher than the 3.
042 billion yuan loss in the second quarter, but the year-on-year decline has expanded to 265.
17% -277.
40%
.

　　The price of live pigs dropped sharply, and the industry suffered a total loss in the third quarteryuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Regarding the performance changes, Wen's Co.
, Ltd.
explained that due to the continuous decline in domestic pig prices, the pig industry suffered a full loss in the third quarter.
In addition, the price of feed ingredients continued to rise.
Factors such as low-efficiency breeding pigs have pushed up the cost of pig raising, and the company's pig breeding business experienced deep losses in the first three quarters
.

　　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
.

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

　　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.
52% this year
.

　　"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.
86 yuan/kg, up 16.
3% year-on-year; the national average price of soybean meal was 3.
92 yuan/kg, up 18.
4 year-on-year %; The average price of compound feed for finishing pigs was 3.
62 yuan/kg, an increase of 10.
4% year-on-year
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The fourth quarter performance is still bleak?yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　A reporter from Chinanews.
com recently visited the supermarket and found that the retail price of pork has entered a "trough" in recent years
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In a supermarket in Xicheng District, Beijing, the front and rear tip of pork are priced at 11.
8 yuan per catty, and the price of pork belly is 17.
8 yuan per catty, which is 1 yuan and 2 yuan cheaper than at the end of September
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

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

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

　　“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
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The price of pork has plummeted.
Would you take this opportunity to stock up on more pork?yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

 　　Once fortunes were made by raising pigs, now pig farming companies are losing money
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

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

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

　　Pig breeding companies shout "losses"yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On the evening of the 14th, Muyuan Co.
, Ltd.
released its first three-quarter performance forecast.
It is expected to achieve net profit attributable to shareholders of listed companies of 8.
5 billion to 9 billion yuan, a year-on-year decrease of 57.
12%-59.
50%
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In contrast, the other two leading pig breeding companies, Wen's shares and New Hope, are in a worse situation
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Wen's shares are expected to have a net profit loss of 9.
25 billion-975 billion yuan attributable to shareholders of listed companies in the first three quarters.
It is temporarily the "performance loss king", down 212.
24%-218.
30% year-on-year; during the same period, New Hope is expected to be attributable to shareholders of listed companies The net profit loss of 5.
995 billion yuan to 6.
395 billion yuan, a year-on-year decrease of 217.
91%-225.
77%
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to the analysis, Zhengbang Technology is the pig breeding company with the largest decrease in net profit.
It is estimated that the net profit attributable to shareholders of listed companies in the first three quarters will drop by 227.
92% to 246.
33% year-on-year
.
In addition, Tianbang shares, Tangrenshen, and Tiankang Biological expect the net profit attributable to shareholders of listed companies to drop by more than 100% year-on-year
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　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 the third quarter, Muyuan shares are expected to lose 500 million yuan to 1 billion yuan, a year-on-year decrease of 104.
9%-109.
8%
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In addition, the third-quarter performance of other hog breeding companies also experienced increased losses
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　For example, Wen's third-quarter net profit loss attributable to shareholders of listed companies is expected to be 6.
752 billion-7.
252 billion yuan, which is not only much higher than the 3.
042 billion yuan loss in the second quarter, but the year-on-year decline has expanded to 265.
17% -277.
40%
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The price of live pigs dropped sharply, and the industry suffered a total loss in the third quarteryuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Regarding the performance changes, Wen's Co.
, Ltd.
explained that due to the continuous decline in domestic pig prices, the pig industry suffered a full loss in the third quarter.
In addition, the price of feed ingredients continued to rise.
Factors such as low-efficiency breeding pigs have pushed up the cost of pig raising, and the company's pig breeding business experienced deep losses in the first three quarters
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

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

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

　　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.
52% this year
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　"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
.
" Zhuo Chuang Information analyst Li Sujie said that at the end of September, the national live pig price has dropped to about 10.
0 yuan/kg.
It was down 70.
37% from the beginning of the year, and also fell below the pre-African swine fever price
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　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.
86 yuan/kg, up 16.
3% year-on-year; the national average price of soybean meal was 3.
92 yuan/kg, up 18.
4 year-on-year %; The average price of compound feed for finishing pigs was 3.
62 yuan/kg, an increase of 10.
4% year-on-year
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The fourth quarter performance is still bleak?yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　A reporter from Chinanews.
com recently visited the supermarket and found that the retail price of pork has entered a "trough" in recent years
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In a supermarket in Xicheng District, Beijing, the front and rear tip of pork are priced at 11.
8 yuan per catty, and the price of pork belly is 17.
8 yuan per catty, which is 1 yuan and 2 yuan cheaper than at the end of September
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

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

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

　　“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
.
yuw China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The price of pork has plummeted.
Would you take this opportunity to stock up on more pork?yuw China Feed Industry Information Network-Based on feed, serving animal husbandry