Feng Huang Wang·2025-11-11 12:45Core Insights - The pig farming industry is facing significant challenges as many companies are experiencing losses despite increased output during the traditional peak season for pig sales [1][2][3] - The average selling prices of pigs have dropped to their lowest levels of the year, leading to a situation where companies are selling pigs at a loss [3][5] - Companies with lower breeding costs are better positioned to withstand price declines, while those with higher costs are under severe financial pressure [5][6] Industry Performance - In October, major pig farming companies reported substantial increases in the number of pigs sold, with Muyuan Foods selling 7.076 million pigs (up 13.17% year-on-year) and Wens Foodstuffs selling 3.8928 million pigs (up 45.69% year-on-year) [2][3] - Despite the increase in sales volume, the average selling prices for major companies like Muyuan and Wens fell by approximately 32.73% and 34.41% year-on-year, respectively [3][4] Cost Dynamics - The cost of pig farming varies significantly among companies, with leading firms like Muyuan and Wens reporting costs below 12.5 yuan/kg, while others like Huazhong and Jinxinnong have costs exceeding 13.5 yuan/kg [5][6] - The industry is currently experiencing an overall loss, with average breeding costs maintained between 12.5 and 13 yuan/kg, and losses per pig reaching 161.69 yuan for self-breeding and 283.92 yuan for piglets [5][6] Future Outlook - The demand for pork is expected to increase as the southern regions begin their seasonal consumption, which may provide some support for prices in the coming months [4] - However, the overall price trend is expected to remain weak due to the cyclical nature of the pig market [4]