来源：格隆汇APP 格隆汇11月7日丨克明食品(002661.SZ)公布，兴疆牧歌2025年10月份销售生猪4.09万头，销量环比增长 8.09%，同比增长77.27%；销售收入3,604.41万元，销售收入环比增长7.83%，同比增长71.53%。2025年 1-10月，兴疆牧歌累计销售生猪45.75万头，较去年同期增长48.61%；累计销售收入46,739.20万元，较 去年同期增长28.21%。 ...

格隆汇11月7日丨傲农生物(603363.SH)公布，2025年10月，公司生猪销售量19.02万头，同比增加 73.31%，较2025年9月增加15.66%。2025年10月末，公司生猪存栏65.04万头，同比增加34.12%，较2025 年9月末增加2.40%，较2024年12月末增加26.79%。 ...

Core Viewpoint - Aonong Biological (603363.SH) reported significant growth in pig sales and inventory for October 2025, indicating strong operational performance and market demand [1] Group 1: Sales Performance - The company sold 190,200 pigs in October 2025, representing a year-on-year increase of 73.31% and a month-on-month increase of 15.66% [1] Group 2: Inventory Status - As of the end of October 2025, the company's pig inventory stood at 650,400 heads, which is a year-on-year increase of 34.12%, a month-on-month increase of 2.40%, and an increase of 26.79% compared to the end of December 2024 [1]

2025年1-10月，公司共销售生猪244.50万头（其中：商品猪208.10万头，仔猪销售31.21万头），销售收 入38.88亿元。其中向集团内部屠宰企业销售生猪38.54万头。 格隆汇11月7日丨神农集团(605296.SH)公布，2025年10月份，公司销售生猪33.54万头（其中：商品猪销 售26.59万头，仔猪销售6.06万头），销售收入4.08亿元。其中向集团内部屠宰企业销售生猪4.42万头。 2025年10月份，公司商品猪价格呈现下降趋势，商品猪销售均价11.04元/公斤，比2025年9月份下降 13.88%。 ...

智通财经APP讯，傲农生物(603363.SH)发布公告，2025年10月，公司生猪销售量19.02万头，同比增加 73.31%，较2025年9月增加15.66%。2025年10月末，公司生猪存栏65.04万头，同比增加34.12%，较2025 年9月末增加2.40%，较2024年12月末增加26.79%。 ...

克明食品公告，控股子公司兴疆牧歌2025年10月份销售生猪4.09万头，销售收入3604.41万元。2025年1- 10月，兴疆牧歌累计销售生猪45.75万头，累计销售收入4.67亿元。 ...

Group 1 - The core point of the article is that Shennong Group (605296.SH) reported a decline in pig sales and prices in October 2025, indicating potential challenges in the market [1] Group 2 - In October 2025, the company sold a total of 335,400 pigs, including 265,900 commercial pigs and 60,600 piglets, generating sales revenue of 408 million yuan [1] - The average selling price of commercial pigs in October 2025 was 11.04 yuan per kilogram, which represents a decrease of 13.88% compared to September 2025 [1] - From January to October 2025, the company sold a total of 2,445,000 pigs, comprising 2,081,000 commercial pigs and 312,100 piglets, with total sales revenue reaching 3.888 billion yuan [1] - The company sold 445,200 pigs to its internal slaughtering enterprises in October 2025 [1]

Core Insights - Shennong Group (605296.SH) reported a total sale of 335,400 pigs in October 2025, generating a revenue of 408 million yuan [1] - The average selling price of commercial pigs decreased by 13.88% in October 2025 compared to September 2025, reaching 11.04 yuan/kg [1] - From January to October 2025, the company sold a total of 2.445 million pigs, with a revenue of 3.888 billion yuan [1] Sales Performance - In October 2025, the company sold 335,400 pigs, including 265,900 commercial pigs and 60,600 piglets [1] - The internal sales to the group's slaughtering enterprises accounted for 44,200 pigs in October 2025 [1] - For the period from January to October 2025, the company sold 2.445 million pigs, comprising 2.081 million commercial pigs and 312,100 piglets [1] Revenue Analysis - The total sales revenue for October 2025 was 408 million yuan [1] - Cumulatively, the revenue from January to October 2025 reached 3.888 billion yuan [1] - Internal sales to slaughtering enterprises from January to October 2025 totaled 385,400 pigs [1]

Core Insights - Shennong Group reported a significant increase in pig sales for October 2025, with total sales reaching 335,400 heads, a year-on-year increase of 65.38% [1] - The total sales revenue for October 2025 was 408 million yuan, with an average selling price of 11.04 yuan per kilogram for commercial pigs, reflecting a decrease of 13.88% compared to September 2025 [1] - Cumulatively, from January to October 2025, the company sold 2.445 million heads of pigs, representing a year-on-year growth of 30.99%, with total sales revenue amounting to 3.888 billion yuan [1] Sales Performance - In October 2025, the breakdown of pig sales included 265,900 commercial pigs and 60,600 piglets [1] - The company sold 44,200 heads of pigs to its internal slaughtering enterprises in October 2025 [1] - For the period from January to October 2025, the sales included 2.081 million commercial pigs and 312,100 piglets, with 385,400 heads sold to internal slaughtering enterprises [1]

Core Viewpoint - The price of live pigs has been continuously declining in November, with a national average price of 11.68 yuan per kilogram as of November 6, reflecting a decrease of 0.41 yuan per kilogram over four working days [1] Supply Analysis - In November, the planned output from 229 sample breeding enterprises decreased by 4.95% month-on-month, which is expected to support pig prices. However, stable demand and a decline in secondary fattening enthusiasm have led to downward pressure on prices [3] - In October, some breeding enterprises accelerated their output due to a bearish outlook, resulting in a completion rate of 108.08% for their output plans, alleviating supply pressure in November [3] - Daily output from breeding enterprises increased at the beginning of November, with a recorded output of 201,800 pigs on November 6, an increase of 34,700 pigs over four working days, which negatively impacts pig prices [3] - The average trading weight of pigs has remained stable at 124.65 kg as of November 6, indicating that breeding enterprises are reducing weight and accelerating output, further increasing supply and exerting downward pressure on prices [3][4] Demand Analysis - The slaughter volume of pigs has shown a relatively stable trend from late October to early November, with a slight increase to 184,100 pigs on November 6, having minimal impact on prices [4] - The enthusiasm for secondary fattening increased after prices dropped to a relatively low level in mid-October, but this enthusiasm has waned since late October as the fattening replenishment process has been largely completed [6] Overall Summary - The combination of accelerated output from breeding enterprises, declining enthusiasm for secondary fattening, and stable demand has resulted in a continuous decline in pig prices at the beginning of November [7]