记者观察：猪价“跌跌不休” 行业逼近亏损线，如何破局？

Core Viewpoint - The price of live pigs has dropped significantly, falling below 12 yuan/kg for the first time this year, with a year-on-year decline of over 30% [1][2] Group 1: Price Trends - In October, the average price of live pigs in the national market also fell below 12 yuan/kg, with no clear signs of a price recovery [1] - The continuous decline in pig prices is primarily due to an oversupply in the market [1] Group 2: Cost and Profitability - The overall cost of pig farming has decreased due to advancements in large-scale production, breeding technology, and refined management practices [1] - Some companies have reported that their total breeding costs have fallen below 12 yuan/kg, with the best-performing farms achieving costs below 11 yuan/kg [1] - Despite falling prices, companies with cost advantages are still able to maintain profitability and have no internal motivation to reduce production [1] Group 3: Impact on Companies - The ongoing decline in pig prices is beginning to significantly impact the revenue and profits of related companies, leading to a substantial drop in industry profitability [2] - Among 12 A-share listed companies in the pig farming sector, 6 reported a year-on-year decline in revenue for the first three quarters, while 9 companies saw a drop in net profit, with over half experiencing a profit cut by 50% [2] - Some companies are nearing a loss situation, with a few already reporting a shift from profit to loss compared to the previous year [2] Group 4: Industry Outlook - If pig prices continue to decline sharply, widespread losses among pig farming companies may occur, which would negatively affect sustainable operations and the overall development of the industry [2] - Government guidance is deemed necessary to respect market rules, while companies need to enhance technology and management to ensure quality and cost control, promoting high-quality industry development [2]