Xin Lang Cai Jing·2025-09-26 10:54Core Viewpoint - The company has demonstrated significant improvements in production management and disease prevention, leading to stable operations and cost control in both pig and poultry sectors [2][3]. Group 1: Company Production and Cost Management - The company has focused on basic production management and disease prevention since the beginning of the year, achieving notable results in disease control and maintaining stable livestock production [2]. - In August, the production cost of piglets decreased to approximately 260 RMB per head, with a market pig listing rate of around 93% and a feed-to-meat ratio of 2.51 [2]. - Despite an increase in piglet and feed costs in August, the overall cost of pig farming remained stable at 6.1 to 6.2 RMB per jin, indicating effective cost control [2]. - The poultry sector also maintained high stability, with a meat chicken listing rate of 95% in August and a total cost of 5.8 RMB per jin for broilers [2]. Group 2: Cost Improvement and Market Dynamics - The improvement in pig farming costs is attributed to stable overall livestock production, effective disease control, and increased market pig listing rates, which significantly reduced ineffective losses [3]. - The company has increased investment in breeding to develop a "Five High" breeding system, enhancing the health and reproductive performance of the breeding stock beyond pre-ASF levels, which effectively lowers piglet costs [3]. - The company has optimized feed nutrition formulas by dynamically comparing different feed raw material prices and nutritional content [3]. - The average pigs sold per sow (PSY) in August was around 27 [3]. Group 3: Poultry Market Recovery - The poultry industry faced low prices in the first half of the year, but the traditional consumption peak in the second half has led to an increase in meat chicken sales prices to 6.6 RMB per jin since September, indicating a recovery in profitability [3]. - The recovery is driven by increased consumer demand and a reduction in the number of parent stock chickens due to the previous low price environment [3]. - The company anticipates that the market for traditional yellow feathered chickens will follow historical trends, expecting positive performance in the poultry sector for the second half of the year [3]. - Short-term feed raw material supply is expected to remain loose, maintaining a weak and fluctuating state [3].