[Epoch Times September 10, 2021]After the African Swine Fever epidemic, pork prices in China have gone through big ups and downs like a roller coaster ride. Recently, the price of live pigs has continued to fall, which has continuously eroded the profits of the breeding industry, and the industry has already suffered a full loss. A person from a pig company said, “The more pigs are raised, the more they lose. Now everyone is better than who can last longer.”
According to data monitored by Zhuochuang Information, as of September 8, the average price of slaughter pigs outside the country was 13.44 yuan/kg, down 63.44% year-on-year, and a cumulative drop of 63.73% from the highest price this year, 37.06 yuan/kg. .
Live pig futures once again set a new low since listing. “China Securities Journal” reported that as of the close of September 9, the main live pig futures 2201 contract was reported at 14,995 yuan / ton, down 4.76%, the lowest intraday to 14,955 yuan / ton, a new low since the listing on January 8 this year.
The continued decline in pork prices put pressure on the company’s performance.
On the evening of September 7, a number of listed pig companies announced their sales data for August. The year-on-year and month-on-month sales figures were basically in the form of a sharp increase in sales, a sharp drop in sales prices, and a decline in sales revenue.
In the semi-annual report previously disclosed, the net losses of “big pig farmers” such as Wen’s, Muyuan, New Hope, Zhengbang Technology, and Tianbang ranged from several hundred million to more than two billion.
The net profits of 12 listed pig companies all declined year-on-year, of which 5 were loss-making companies, accounting for nearly 40%.
As of the close of the market on the 9th, Muyuan shares were quoted at RMB 45.62 per share, and the current total market value was 240.1 billion, down 23% from the beginning of the year. And New Hope, Tianbang shares and Zhengbang Technology, which suffered large losses, fell 51%, 47% and 50% respectively during the year.
After the New Year, the price of more than 20 catties of piglets in the northern market of China is as high as 2,000 yuan/head. At present, the lowest price for the same piglet has reached 100 yuan/head, and newborn piglets are even given away for free.
In recent years, the price of pork in China has experienced great ups and downs like a roller coaster ride. The African swine fever epidemic that began in August 2018 is the biggest impact on the Chinese pig breeding industry in recent years.
Affected by the embargo and panic pig selling, pig prices in many places reached their lowest point before the new year of 2019. The African swine fever epidemic has severely damaged the vitality of small and medium-sized farmers, which account for a high proportion of Chinese farmers.
Since the second half of 2019, pork prices have started to soar. By January of this year, pork prices have been operating at a high level for more than a year. According to a report by Sohu.com in December last year, in the past two years, buying pork can be regarded as a very “luxury” behavior. Many netizens have said that pork is so expensive that they dare not eat meat.
Editor in charge: Li Bing #
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