牧原股份：2025年仔猪出栏量预计区间调整为“1200万头-1450万头”

Core Viewpoint - Muyuan Foods (002714.SZ) reported a year-on-year increase of 11.05% in the sales of commodity pigs, totaling 5.573 million heads in September 2025, despite a significant decline in sales price and revenue [1] Sales Performance - The average selling price of commodity pigs was 12.88 yuan/kg, reflecting a year-on-year decrease of 30.94% [1] - The sales revenue from commodity pigs amounted to 9.066 billion yuan, down 22.46% year-on-year [1] Piglet Sales Strategy - In response to strong market demand for piglets in the first half of 2025, the company has innovated its piglet sales strategy to provide high-quality and stable piglet supply [1] - From January to September 2025, the company sold a total of 11.571 million piglets [1] - The estimated range for piglet output has been adjusted from "8 million to 12 million heads" to "12 million to 14.5 million heads" [1]