Core Viewpoint - The sales volume of major pig farming companies in China has generally declined in November, with some companies experiencing significant drops, while the industry is focusing on reducing production capacity and costs to improve supply-demand dynamics [1][2][7]. Group 1: Sales Performance - Major pig farming companies, including Tangrenshen and Zhengbang Technology, reported a decline in November sales, with Tangrenshen's sales volume dropping by 26.28% to 456,500 pigs [2]. - Other companies like Muyuan Foods and New Hope also saw sales declines of over 6%, while Wens Foodstuff and Shennong Group maintained stable sales compared to October [1][3]. - The overall sales volume in October was high, and the industry is expected to meet annual targets despite the recent declines [1][4]. Group 2: Pricing Trends - The average price of pork in China as of the end of November was 22.86 yuan per kilogram, reflecting a year-on-year decrease of 19.3%, but the rate of decline has slowed compared to previous weeks [5]. - Prices remained stable from October to November, with Muyuan Foods reporting prices of 11.55 yuan/kg and 11.56 yuan/kg respectively [4]. Group 3: Production Capacity and Cost Management - The number of breeding sows has decreased to below 40 million, indicating a trend towards reduced production capacity in the industry [7]. - Several companies, including Tangrenshen and Tianbang Foods, have halted new capacity projects to focus on cost reduction and efficiency [8][9]. - The government and market forces are working together to stabilize the supply-demand situation in the pig market, which is expected to lead to more stable prices in the long term [9].