According to industry media reports, the domestic pig market has been steadily rising since late July, and the price reached a new high of 19.3 yuan/kg on the 23rd. As of the 6th, the national average price of live pigs from outside of three yuan has risen to 20.5 yuan/kg, breaking through the previous high and setting a new record.

Huaxi research report shows that the pig price has been rising for five consecutive weeks, and the average profit of self-bred and self-raised pigs has continued to increase. From the supply side, the number of sows that can be bred is expected to decrease progressively in the second half of 2023, corresponding to a gradual decrease in the number of pigs that should be sent to the market every month. In addition, feed costs remain low, and rearing costs are also low. The sentiment of farmers is to hold back and sell at a higher price. Due to multiple factors affecting the supply, the supply is relatively tight, and the short-term pig price is expected to remain strong, while the consumption side is weaker due to the current off-season for pork consumption. Looking ahead to the future, the pig price in Q3 and Q4 is optimistic. In the second half of the year, pig meat consumption is the peak season, and the decrease in sow inventory is expected to accelerate. With the improvement of the fundamentals and the further increase in pig prices, the average profit per head is expected to further increase.

According to the Financial Data Center, among related listed companies:

Zhejiang Huatong Meat Products is a leading livestock and poultry slaughter enterprise in Zhejiang Province, and one of the few domestic livestock and poultry processing enterprises with a complete industrial chain in the pig industry.

Shennong Group has formed a complete pig industry chain, including feed processing, pig breeding, pig slaughter and fresh pork food sales, food deep processing and sales, etc.