牧原股份：公司10月的生猪养殖完全成本在11.3元/kg左右

Core Viewpoint - The company has significantly reduced its costs, leading to a competitive advantage over peers, primarily due to improvements in production performance and a decrease in period expenses [1] Group 1: Cost Reduction Factors - The complete cost of pig farming for the company is approximately 11.3 yuan/kg as of October 2025 [1] - The main reasons for the cost reduction include enhanced production performance and lower period expenses [1] - Despite a slight increase in feed prices since the beginning of the year, the company's continuous improvement in production performance and management has resulted in a month-on-month decline in total farming costs [1] Group 2: Future Strategies - The company plans to focus on business and organizational management to seek innovative breakthroughs in pig farming technology [1] - There will be ongoing efforts to promote and replicate successful management experiences across internal operations to improve the performance of underperforming farms [1] - The aim is to enhance overall efficiency and further reduce costs through effective internal management [1]