猪价下降，养殖为何还能盈利

Core Viewpoint - The recent decline in pig prices is attributed to a combination of increased supply and reduced demand, with the industry still maintaining profitability due to lower breeding costs [1][4]. Price Trends - Pig prices have been on a downward trend for six consecutive weeks, with prices dropping from 16.57 CNY/kg in early January to 14.35 CNY/kg by early August, marking a year-on-year decline of 31.4% [1]. - Pork prices also decreased from 27.75 CNY/kg in January to 24.93 CNY/kg in August, reflecting a year-on-year drop of 22% [2]. - The price of piglets rose from 32.77 CNY/kg to 39.57 CNY/kg between January and April, but has since fallen to 33.25 CNY/kg by August, down 25.4% year-on-year [2]. Supply and Demand Dynamics - The slaughter volume of pigs increased by 14.5% year-on-year, reaching 18.355 million heads from January to June [3]. - Pork imports from January to July totaled 62.6 thousand tons, a 4.1% increase year-on-year, although July saw a slight decline [3]. - Despite some recovery in restaurant consumption due to seasonal factors, overall demand for pork remains weak, limiting price support [3]. Profitability and Future Outlook - Breeding profitability has been maintained for 15 consecutive months, with average profits per head around 110 CNY from January to July, although this has decreased to below 100 CNY in July [4]. - The supply of pigs is expected to continue growing into the third quarter, while demand is anticipated to pick up starting in September, particularly with the upcoming seasonal consumption peaks [4]. - The government plans to initiate a new round of frozen pork storage by the end of August, which may boost market confidence [4].