猪价10月创新低，猪企盈利告急，行业可持续发展路在何方？

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 exceeding 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, showing no clear signs of recovery [1] - The continuous decline in pig prices is primarily due to an oversupply in the market [1] Group 2: Cost and Production - Advances in large-scale production, breeding technology, and refined management have led to a decrease in overall pig farming costs [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] Group 3: Financial Impact on Companies - The ongoing decline in pig prices has started to significantly erode the revenue and profits of related pig farming companies, with many facing substantial drops in 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 saw a drop in net profit, with over half experiencing a profit cut by 50% or more [2] Group 4: Industry Outlook - If pig prices continue to decline sharply, widespread losses among pig farming companies may occur, negatively impacting sustainable operations and the overall industry [2] - There is a need for government guidance and for companies to enhance technology and management to ensure quality and cost control, promoting high-quality industry development [2]