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The average price of live pigs fell below 10 yuan/kg today, and deep losses may force accelerated capacity reduction.
How can deep losses accelerate the capacity optimization process of pig farming enterprises?
[Average price of live pigs today falls below 10 yuan/kg; deep losses may force accelerated capacity reduction] Financial Associated Press, March 19 - Today, the national average price of live pigs has dropped to 9.95 yuan/kg, falling below the 10 yuan mark. Journalists from Financial Associated Press have learned from various interviews that the breeding sector is now completely at a loss, with individuals from listed companies stating, “At this stage, everyone can only tough it out; almost no companies can make a profit.” Industry insiders believe that pig prices will continue to hover at low levels in the short term, but there may be a possibility of market improvement in the second half of the year, with the reduction of sow capacity likely to accelerate in the second and third quarters. (Financial Associated Press reporter Liu Jian)