生猪价格持续低位运行 养殖行业“优化产能+管理成本”多举措转向新阶段

Group 1 - The core issue in the pork market this winter is the unexpected low demand during the traditional peak season, leading to downward pressure on prices [1][3] - In southern China, the slow decline in temperatures has resulted in lower-than-expected demand for preserved meats, while the later timing of the Spring Festival has delayed concentrated purchasing [3][10] - As of the end of Q3 this year, the national pig inventory reached 437 million heads, a year-on-year increase of 2.3%, indicating an oversupply situation [3][10] Group 2 - Current pork prices are significantly lower than last year, with prices for pork belly at 9 yuan/kg and for front and hind leg meat at around 8 yuan/kg, down by 3-4 yuan/kg compared to the same period last year [4][10] - The average national pig price in the second week of December was 12.13 yuan/kg, down 0.7% week-on-week and down 27.1% year-on-year, reflecting a prolonged period of low prices [10][12] - Many pig farmers are experiencing losses, with self-breeding operations losing approximately 100-130 yuan per head and purchased piglet operations losing 160-200 yuan per head [12] Group 3 - The industry is undergoing adjustments, with a shift from capacity expansion to a focus on cost control, risk management, and value extraction along the supply chain [13] - Companies are implementing advanced technologies, such as intelligent feeding systems and genetic breeding improvements, to enhance productivity and reduce costs [12][13] - Major enterprises are extending their operations downstream into slaughtering, meat processing, and brand fresh products to mitigate cyclical risks in the breeding segment [13]