The main contract for hog farming rose nearly 2%, reaching a maximum of 13,050 yuan per ton.

According to the Ministry of Agriculture and Rural Affairs monitoring, on December 30, the "Shenzhen Agricultural Products Group Wholesale Price Index" was 121.82, a decrease of 0.03 points from last Friday, while the wholesale price index for "vegetable basket" products was 123.20, a decrease of 0.02 points from last Friday. As of December 30 at 14:00, the average price of pork in national agricultural product wholesale markets was 22.35 yuan per kilogram, an increase of 0.8% from last Friday.

Recently, the demand for sausages in the north and cured meats in the south has increased significantly, stimulating Pork consumption and providing some support for prices.

Approaching the Winter Solstice, the demand side has entered a peak season, and prices may continue to fluctuate.

Haitong Research published a Research Report stating that according to the Central Meteorological Administration, from November 23 to 27, a significant drop in temperature is expected across China. With this stabilizing decline, the demand for Hog Farming is also likely to rise, which will directly stimulate the demand for cured meats. According to Yongyi data, some southern regions have already started curing meats last week. The team believes that as temperatures fall, Pork prices are expected to experience a rebound in the short term. At the same time, from a long-term perspective, the industry-wide expansion over the past few years may have already ended, indicating a new stage of development for the industry. Companies with cost advantages in breeding are expected to enjoy more dividends. Short-term attention is recommended on demand changes and the impact of winter diseases.

Domestic hog farming related enterprises:

cofco joycome (01610), dekon agr (02419)

Overseas hog farming enterprises: WH Group (00288)