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Pig production capacity continues to decline, and the market expects pig prices to reach an inflection point.
According to Guotai Junan (601211)powerballresultswinnersAccording to the analysis of the research report of the Ministry of Agriculture and Rural Affairs in April, data from the Ministry of Agriculture and Rural Affairs showed that pig production capacity has been reduced for 16 consecutive months. This trend indicates that starting from the second quarter of 2024, the supply and demand relationship of pigs will become tense, which in turn will push pig prices into a rising channel. Research points out that the volatility of pig farming costs and high debt ratios may slow down production capacity expansion even if prices rise. At present, production capacity has dropped significantly, laying the foundation for the new cycle of capacity de-transformation.powerballresultswinnersA solid foundation.