In the pig industry, the May breeding column is still cautious, and the cycle has reached the point where the prices of sow and piglets are rising. In May, the sample of Yongyi monitoring breeding column increased by 0.73% month-on-month (compared with 0.96% in April), and the corresponding breeding column in May will have a weak pig output in March 2025, so the breeding industry is cautious. The average profit per head of self-bred and self-raised pigs in late May was 211.26 yuan. As of June 6, 2024, the price of 15 kg piglets from large-scale factories reached 796 yuan/head, an increase of 231 yuan/head compared to the same period last year, and the price of 50 kg dual-purpose sows was 1620 yuan/head. Since May, the price of mother and piglets has been trending upwards. The synchronous increase in prices of sows and piglets reflects the optimism of the industry and the reality of the contraction in pig supply. According to our calculations, the supply of pigs will continue to shrink in the second half of 2024, and the cycle has reversed. The pig sector has basically completed a correction, and it is recommended to actively layout.