The price of live pigs fell below 20,000 yuan/ton. Pig companies are concerned about cost reduction and efficiency...

On June 4, the main contract for live pigs, 2109, closed at 19,870 yuan/ton.
It dropped to 19,830 yuan/ton during the session, falling below the 20,000 yuan/ton integer mark, and hitting a record low for the contract
.
The reporter of "Economic Information Daily" noted that the price of live pigs has fallen rapidly recently, and 8 of the past 9 trading days have closed overcast, which has fallen by about 27% since May

Institutions generally believe that the recovery of production capacity and changes in supply and demand are important reasons for the continued decline in pig prices
.
According to data from the Ministry of Agriculture and Rural Affairs, the stock of reproductive sows across the country increased for 19 consecutive months in April, and the stock of live pigs is very close to the level of normal years

In the face of sluggish pig prices, pig companies are generally concerned about reducing costs and increasing efficiency
.
Zhengbang Technology stated that the company’s primary goal this year is to reduce costs.