上市猪企2025年1月销售简报数据点评：生猪销售量价环比齐跌，出栏体重环比下降

Investment Rating - The report maintains an investment rating of "Synchronize with the Market" for the agricultural, forestry, animal husbandry, and fishery industry [2][7]. Core Insights - The sales volume and price of live pigs have both declined month-on-month, with a decrease in the average weight of pigs being sold [7]. - In January 2025, the overall slaughter volume of 15 listed pig companies was 8.1476 million heads, showing a year-on-year increase of 2.95% but a month-on-month decrease of 7.25% [7]. - The average selling price of commodity pigs in January was 15.62 yuan/kg, reflecting a month-on-month decline of 1.39% [7]. - The report suggests that the market for live pigs remains weak, particularly after the Spring Festival, which is traditionally a low season for pork consumption [7]. - Despite the decline in selling prices, the report indicates that quality pig companies can maintain good profitability due to low costs and efficiency advantages [7]. Summary by Sections Sales Performance - In January, the slaughter volume of commodity pigs was 7.001 million heads, down 9.08% month-on-month, with only one company, Huatuan Co., showing positive growth [7]. - The number of piglets sold was 540,000 heads, down 12.24% month-on-month, with some companies experiencing declines while others saw increases [7]. Price Trends - The average slaughter weight of pigs was 118.98 kg, down 4.31% month-on-month, indicating a faster slaughter pace due to market conditions [7]. - The report highlights that the combination of weak market demand and increased short-term supply has pressured pig prices, leading to a decline in average selling prices [7]. Investment Recommendations - The report recommends focusing on quality pig companies such as Muyuan Foods and Wens Foodstuffs, which are expected to maintain profitability in 2025 despite market challenges [7].