Listed pig company released May sales "transcript", the organization said pig...

Recently, Muyuan Co.
, Ltd.
released a live pig sales briefing for May
.

The data shows that the company sold 3.

In addition, related companies such as Aonong Biotechnology, Zhenghong Technology, Dongrui Co.
, Ltd.
, and Tianbang Co.
, Ltd.
also released sales data
.

Among them, Aonong Biosciences sold 295 million pigs in May, a year-on-year increase of 213.

From the perspective of the price trend of live pigs, the price of live pigs has continued to weaken recently
.

As of the close on June 7, the main hog contract 2109 has closed in 8 of the 10 trading days, and has fallen below the 20,000 yuan/ton integer mark, a decrease of about 27% compared to the beginning of May

Institutions generally believe that this round of pig price decline is related to the recovery of live pig supply.
It can also be seen from the data released by major farmers such as Muyuan, Zhengbang Technology, New Hope, and Wen's that the number of live pigs sold is higher than that of the same period last year.
Great increase
.

"Economic Information Daily" reporter noted that although the number of live pig sales continues to grow, there are also some new changes
.

Take Muyuan shares as an example.

"Volume increase and price decrease" led to a divergence in the performance of pig companies in the first quarter.
Muyuan completed both revenue and net profit attributable to the parent year-on-year growth, but more companies only achieved positive year-on-year revenue growth, but the net profit attributable to the parent company declined year-on-year.
"Increase income but not profit
.

" In the secondary market, Muyuan’s stock price trend in 2021 is relatively strong, but more pig companies’ stock price trend is weak in 2021.

However, the number of investigations conducted by institutions on some listed pig companies has increased instead of decreasing
.

Flush data shows that as of June 7, Zhengbang Technology released a total of 10 institutional survey minutes, compared with only 5 for the whole year of last year; Muyuan issued a total of 8 copies, compared with 7 in the same period last year

Zhengbang Technology stated that the company does not make excessively optimistic expectations about the future pig price, but from the perspective of the supply and demand cycle, the future price will always be adjusted to a relatively reasonable range with supply and demand.
The core of the company's current work is cost control and is committed to rapid reduction.
Cost; Muyuan shares said that in terms of cost control, the company expects to reach the cost target of 14 yuan/kg in the fourth quarter of 2021 or in stages.
The company will continue to improve the environmental quality of the pig house through measures such as upgrading the hardware facilities of the pig house.
To improve the health level and survival rate of live pigs, thereby reducing breeding costs
.

Regarding the future trend of pig prices, Green Dahua Futures believes that the phased supply and demand easing may continue until mid-June.
With the support of phased supply pressure and the cost of self-reproduction and self-support, the decline in spot pig prices is limited, and the recent fluctuations Mainly
.

At the end of the month, the expected rebound will be fulfilled with a high probability, and the phased price turning point may appear