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.

Zhitong FinanceNov 13 20:45

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.

cls.cnNov 4 21:36

Zhejiang Huatong Meat Products: Turned a loss in the first three quarters, high debt ratio, planning to increase related party transactions | Financial Report Interpretation

Zhejiang Huatong Meat Products reversed losses in the first three quarters year-on-year, but the debt ratio remains high, reaching 74.42%; Zhejiang Huatong Meat Products also announced an expected increase in related trade of 80 million yuan, with 0.276 billion yuan already incurred, a 1.17 times increase compared to last year.

cls.cnOct 30 18:46

Q3 net profit increased by more than 30 times year-on-year wens foodstuff group plans to distribute a large cash dividend of 0.995 billion yuan | interpretations

①Wens Foodstuff Group achieved a net income attributable to the parent company of 5.081 billion yuan in Q3, a year-on-year increase of 3097.03%; ②High pork prices, low costs, and increased sales volume drove the company's performance growth, with pork sales in the first three quarters increasing by 17.63% year-on-year and chicken sales increasing by 1.04% year-on-year; ③The company also announced a profit distribution plan on the same day, proposing to pay a generous cash dividend of 0.995 billion yuan.

cls.cnOct 22 22:48

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.

cls.cnOct 22 18:40

The sales growth rates of pigs and chickens both remained at over double digits. Jiangsu Lihua Animal Husbandry reversed its losses year-on-year in the first three quarters. Interpretations of the financial report.

1. jiangsu lihua animal husbandry's pig and chicken sales growth rate both maintained double digits in the first three quarters; 2. The company's net income in the first three quarters turned bearish compared to the same period last year, with the rise in pig prices and the decrease in breeding costs playing an important role; 3. Some analysts believe that Huangyu Chicken Enterprises still have profit space in the fourth quarter.

cls.cnOct 21 20:09