记者观察：猪价“跌跌不休” 行业逼近亏损线，如何破局？

Core Viewpoint - The article highlights the significant decline in pig prices in October 2023, which fell below 12 yuan/kg for the first time this year, representing a drop of over 30% compared to the same period last year. This decline is attributed to an oversupply in the market, driven by advancements in production techniques and cost reductions in pig farming [1][2]. Group 1: Price Trends and Market Conditions - In October 2023, the average price of pigs in the national market also dropped below 12 yuan/kg, with no clear signs of recovery observed [1]. - The fundamental reason for the continuous decline in pig prices is the supply exceeding demand, influenced by large-scale production and improved breeding techniques [1]. Group 2: Cost Structure and Profitability - Some pig farming 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. This cost reduction allows certain companies to remain profitable despite falling prices [1]. - The ongoing decline in pig prices has started to impact the revenue and profits of related companies, with 6 out of 12 listed pig farming companies reporting a year-on-year decline in revenue for the first three quarters of the year [2]. - Among these companies, 9 reported a decrease in net profit, with over half experiencing a profit cut of 50% or more, and some have even transitioned from profit to loss [2]. Group 3: Industry Outlook and Recommendations - If pig prices continue to decline significantly, widespread losses among pig farming companies could occur, negatively affecting sustainable operations and the overall development of the industry [2]. - The article suggests that government intervention may be necessary to guide the market, while companies should focus on enhancing technology and management to ensure quality and cost control, promoting high-quality development in the industry [2].