Pig prices fall + performance under pressure, the pig farming industry faces deeper chill

robot
Abstract generation in progress

Since March, the domestic pig market has continued to deepen in coldness: on one hand, under the dual pressure of oversupply and weak demand, pig prices have fallen below the 11 yuan/kg mark and are steadily approaching the historic low set in 2018; on the other hand, the cost of feed for enterprises has been rising continuously driven by soybean meal and corn prices, and the entire industry has fallen into a state of deep losses. In response to the ongoing sluggish market, policy signals of “support” have begun to be released, from lowering the target for breeding sow inventory regulation, requiring leading enterprises to reduce annual slaughter volume, to tightening financial support for farm expansion, and promoting precise insurance coverage and claims for pig insurance. A comprehensive policy support system is gradually being built. (Shanghai Securities News)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin