农业农村部：生猪养殖连续14个月盈利，七八月出栏量将有所减少

Core Insights - China's pork production and consumption account for approximately 60% of total meat consumption, indicating that stability in pig farming is crucial for the overall livestock industry [1] - As of mid-2023, the number of pigs slaughtered reached 36.619 million, a year-on-year increase of 0.6%, while the pig inventory stood at 42.447 million, up 2.2% year-on-year [1] - The average price of pigs in the second week of July was 15.09 yuan per kilogram, reflecting a 0.9% increase from the previous week but an 18.5% decrease year-on-year [1] Industry Analysis - The Ministry of Agriculture and Rural Affairs has reported that pig farming has remained profitable for 14 consecutive months since May of the previous year, aided by timely warnings about excess production capacity and guidance for leading enterprises to adjust their output [1] - The current market conditions show a strong supply but weak demand for pigs, leading to downward pressure on prices [1] - Monitoring data indicates a 0.8% decrease in the inventory of pigs over five months old in June, suggesting a potential reduction in pig slaughtering in July and August, which may help stabilize prices and maintain farming profitability [2] - The inventory of breeding sows was recorded at 40.43 million, exceeding the normal holding capacity of 39 million by 3.7%, indicating that production capacity is still within a reasonable range [2] - Future efforts by the Ministry will focus on capacity adjustment and policy stabilization to promote steady development in pig production, including timely market warnings and the elimination of low-yield sows [2]