Market Focus - As of October 29, the national live pig ex-farm price is 12.53 yuan/kg, an increase of 4.59% compared to October 22 [1] - The main wholesale corn price is 2.26 yuan/kg, a decrease of 0.88% compared to October 22 [1] - The pig-to-grain price ratio is 5.54, up 5.52% from October 22 [1] Industry Events - A hearing on anti-dumping cases related to pork and pork by-products was held by the Ministry of Commerce, attended by approximately 80 stakeholders including representatives from the EU and various countries [1] Profitability Analysis - As of the week ending October 31, self-breeding pig farming incurred a loss of 89.33 yuan per head, an improvement from a loss of 185.68 yuan per head the previous week [1] - The profitability for purchased piglets was a loss of 179.72 yuan per head, compared to a loss of 289.07 yuan per head the prior week [1] Market Trends - The live pig futures contract has reached a new low, with supply pressure suppressing the so-called peak season logic [3] - Previous rebounds were supported by secondary fattening, but the delayed pressure is expected to be released before the year-end, aligning with the anticipated oversupply [3]
Mhy20251103生猪晚评：生猪01创新低