全国生猪成本收益监测月报（2024年4月）

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The national "pig-to-grain price ratio" in April 2024 is 6.32, which represents a 4.6% increase month-on-month and a 23.2% increase year-on-year [9][11] - The average "per head value" of free-range pigs is 2088 yuan, up 5.1% from the previous month and up 9.3% year-on-year [14][16] - The average "per head cost" of free-range pigs is 2109 yuan, which is a 2.6% increase month-on-month but a 9.3% decrease year-on-year [18][21] - The average "per head net profit" for free-range pigs is -21 yuan, indicating a continued loss, although the loss has narrowed compared to previous months [26][43] - The average "per head value" of large-scale raised pigs is 2102 yuan, reflecting a 2.6% increase month-on-month and a 7.0% increase year-on-year [27][29] - The average "per head cost" of large-scale raised pigs is 1968 yuan, showing a 0.8% decrease month-on-month and a 10.8% decrease year-on-year [34][36] - The average "per head net profit" for large-scale raised pigs is 134 yuan, indicating profitability, which is significantly higher than the free-range pigs' net profit [43][45] Summary by Sections 1. Pig-to-Grain Price Ratio - The national "pig-to-grain price ratio" for April 2024 is 6.32, with a month-on-month increase of 4.6% and a year-on-year increase of 23.2% [9][11] 2. Free-Range Pigs 2.1. Per Head Value - The "per head value" for free-range pigs is 2088 yuan, up 5.1% month-on-month and 9.3% year-on-year [14][16] 2.2. Per Head Cost - The "per head cost" for free-range pigs is 2109 yuan, reflecting a 2.6% increase month-on-month and a 9.3% decrease year-on-year [18][21] 2.3. Per Head Net Profit - The "per head net profit" for free-range pigs is -21 yuan, indicating a narrowing loss [26][43] 3. Large-Scale Raised Pigs 3.1. Per Head Value - The "per head value" for large-scale raised pigs is 2102 yuan, with a month-on-month increase of 2.6% and a year-on-year increase of 7.0% [27][29] 3.2. Per Head Cost - The "per head cost" for large-scale raised pigs is 1968 yuan, showing a 0.8% decrease month-on-month and a 10.8% decrease year-on-year [34][36] 3.3. Per Head Net Profit - The "per head net profit" for large-scale raised pigs is 134 yuan, indicating profitability compared to free-range pigs [43][45]