With the rebound of the hog market in the second quarter, most listed hog enterprises have made a significant recovery, with their performance turning losses into gains. As of July 10th, many hog enterprises, such as Muyuan Foods, New Hope Liuhe, Shineway, ST Special Treat, Giantstar Farming&Husbandry Corporation, Hunan New Wellful and others have released their 2024 half-year performance forecast, and their hog farming businesses have reduced losses significantly year-on-year and realized profits in the second quarter. Among them, the industry leader Muyuan Foods is expected to have a second-quarter profit of over CNY 3 billion, while New Hope Liuhe is expected to have a profit of approximately CNY 0.75 billion. Many listed hog enterprises maintain a cautious and optimistic attitude towards the future market, and say they will focus on cost control and efficiency improvement. Industry insiders predict that the hog industry may be in a weak balance of supply and demand and a low-profit state in the near future. (Securities Times)
猪价上涨+成本下降,多家猪企二季度大幅“回血”
Due to the increase in pork prices and decrease in costs, many pig enterprises have achieved significant recovery in the second quarter.
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