The losses of pig enterprises intensified in February, and the losses of the top five pig enterprises exceeded 5 billion in 2022

Recently, the major pig enterprises successively released the pig sales briefing in February, and the losses of pig enterprises increased in February. Red Star capital Bureau noted that the top five pig enterprises mentioned in the briefing that affected by the Chinese market, the selling price of hairy pigs decreased by more than 13% month on month, between 11 yuan / kg and 13 yuan / kg, and the company's revenue also showed a year-on-year downward trend.

According to the monthly sales report, the sales revenue of pigs was 35 Wens Foodstuff Group Co.Ltd(300498) ( Wens Foodstuff Group Co.Ltd(300498) . SZ) sold 1.069 million pigs (including hairy pigs and fresh products), with an income of 1.575 billion yuan, and the average selling price of hairy pigs was 12.55 yuan / kg New Hope Liuhe Co.Ltd(000876) ( New Hope Liuhe Co.Ltd(000876) . SZ) sold 977300 pigs, with an income of 1.103 billion yuan Jiangxi Zhengbang Technology Co.Ltd(002157) ( Jiangxi Zhengbang Technology Co.Ltd(002157) . SZ) sold 958700 pigs (including 69800 piglets and 888900 commercial pigs), with an average sales price of 12.92 yuan / kg and an income of 1.219 billion yuan Tech-Bank Food Co.Ltd(002124) ( Tech-Bank Food Co.Ltd(002124) . SZ) sold 668100 commercial pigs (including 15000 piglets), with a sales revenue of 910 million yuan and an average sales price of 12.50 yuan / kg. According to the financial Associated Press, based on the cost estimates announced by pig enterprises, the top five pig enterprises have accumulated a loss of more than 5 billion in 2022.

While the price of live pigs is declining, the price of feed in China is rising in an all-round way. After the Spring Festival, the prices of main raw materials increased in varying degrees. The price of soybean meal increased by about 600 yuan / ton, the price of corn increased by about 100 yuan / ton, and the prices of wheat, barley and sorghum also increased to a certain extent. Driven by the feed price, the production cost of pig enterprises is also rising significantly.

On March 7, Liu Yonghao, chairman of New Hope Liuhe Co.Ltd(000876) group, said in an interview with China Central Television finance and economics that this round of pig cycle is the "deepest pig cycle" because African swine fever superimposes the fluctuation of pig cycle itself.

In the face of the continuous decline of pig prices, according to the monitoring of the national development and Reform Commission, the national average pig grain price ratio was 4.98:1 in the week from February 21 to 25, falling below 5:1, entering the level-1 early warning range of excessive decline determined in the plan for improving the regulation mechanism of government pork reserves and ensuring the supply and price stability of pork market.

Recently, the national development and Reform Commission, together with relevant departments, will immediately start the collection and storage of the central frozen pork reserve and guide all localities to actively collect and store. After that, the national development and Reform Commission will continue to work with relevant departments to adjust the reserves, and further strengthen the collection and storage when necessary, so as to promote the smooth operation of the pig market. At the same time, it is also recommended that farms (households) reasonably arrange production and operation decisions to maintain the overall stability of pig production capacity and the normal rhythm of slaughter and supplementcenter>

\u3000

- Advertisment -