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Pork prices have fallen for three consecutive months. Has the economic cycle failed?
Recently, pork prices have shown a continuous downward trend, and the industry’s prosperity cycle not only failed to continue but is also showing signs of gradual collapse. The Wind Pork Industry Index has significantly underperformed the market.
Costs for 90% of pig enterprises have dropped to the range of 14 yuan: many companies say there is still room for cost reduction. Will profits stabilize next year? | Industry Observation
1. The cost of 90% of the listed pig companies has dropped to the range of 14 yuan per kilogram, including five companies such as Sunlon, Muyuan Foods, and Wens Foodstuff Group, which have dropped to the range of 13 yuan per kilogram; 2. Several listed pig companies have indicated that there is still some room for cost reduction in the fourth quarter and next year; 3. Industry insiders believe that the cost reduction achievements have become a moat for the long-term development of pig companies, helping companies expand their profit margins and enhance their risk resistance capabilities.
central china: Focus on the improvement of the fundamentals of meat products brought by the rebound in pork prices.
central china Securities released research reports stating that in 2024, based on the market innovation vitality of emerging categories, central china Securities recommends focusing on the following sectors: health products, soft drinks, baking, snacks, and other wines.
Donghai Securities: It is expected that pork prices will remain robust in the fourth quarter, and the performance of pig enterprises will improve season by season. The industry is entering a phase of profit realization.
Sow inventory began to decline from January 2023, leading to a gradual reduction in current supply pressure. With limited short-term supply increase and seasonal improvement in consumer demand, it is expected that pork prices will remain prosperous in the fourth quarter, with pig performance improving seasonally, and the industry entering a phase of profit realization.
Hong Kong stock concept tracking | Pork prices have been continuously falling for two months! It is expected to rebound in the peak season at the end of the year. The high performance elasticity and long-term profitability prospects of the breeding stocks
After entering the traditional peak season of consumer demand in the fourth quarter, pork prices have been continuously falling for over two months during the traditionally strong period, with a decrease of over 20%.
In the fourth quarter, the pig prices staged an ultimate showdown between bulls and bears, determining whether the pig industry will be "fat or thin" next year. | Industry Observation
①The pork price has been falling continuously for two months in the traditional high season, with a decline of over 20%; ②Behind the decline, there is an increase in slaughtered pigs corresponding to the expansion of piglets, as well as a concentrated slaughter of secondary fattening pigs, jointly forming downward pressure; ③If the pork price in the fourth quarter is not prosperous in the 'peak season', the pig cycle may end directly if the uptrend in the pig cycle is realized, the pig enterprises and the breeding industry still have the hope of a 'good year' in 2025.
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