Losing 400 yuan per pig sold! Some pig farming companies openly describe the losses as "extremely severe."

Jing Daily Beijing, April 3 (reporter Zhang Rui) On April 3, the second batch of centralized frozen pork reserve procurement this year began auction-style bidding and trading through listings. Xia Chenfeng, an analyst for the NGSIT digital intelligence platform’s hog industry, told the reporter that the industry has already entered a state of deep losses, and neither smallholders nor large hog-raising enterprises can escape. According to calculations by Jinhangbao, as of the last week of March, under the self-breeding and self-raising model, for every full-market pig marketed with a standard body weight (about 120 kilograms), losses exceeded 300 yuan; under the purchased piglet model, losses were relatively smaller because piglet prices are lower, but they also remained above 200 yuan per head.

A person in charge of a breeding farm in Nanping, Fujian, with an annual output of more than 160k head, admitted to the reporter that the company’s losses are “extremely severe.” “We started losing money right after the new year. Now the whole industry is in deep losses, but many are still holding on. A loss of 300 yuan per head is already considered relatively better.”

Feng Yonghui, chief analyst at the Sohu Pig website / China Hog Early Warning Network, also told the reporter that under the self-breeding and self-raising model, the level of loss per head has now exceeded 400 yuan per head.