牧原股份：公司当前场线之间的成本离散度进一步缩小

Core Viewpoint - Muyuan Foods announced improvements in production efficiency and cost management, with significant reductions in cost per kilogram and enhanced health standards for livestock [1] Cost Management - The cost dispersion between production lines has decreased, with over 80% of production lines achieving costs below 12 RMB/kg and about 25% below 11 RMB/kg [1] - The best-performing production line has reached a cost of 10.5 RMB/kg [1] Production Efficiency - The weaning-to-marketing survival rate reached 93% in September, with an overall survival rate of approximately 87% [1] - The pigs' average daily weight gain is around 880 grams, and the feed-to-meat ratio during the fattening phase is approximately 2.64 [1] Health and Management Improvements - Enhancements in pig herd health have been achieved by raising the standards for breeding pigs and improving the health of sows, along with significant progress in controlling key diseases such as blue ear disease and PED [1] - Management practices have been optimized to reduce direct contact between staff and pigs, minimizing disease spread and lowering treatment costs [1] - The company aims to further improve operational efficiency and refine management practices to continue reducing costs [1]