Huatai Securities: Post-Holiday Pork Prices Fall Beyond Expectations, Reinforcing De-Capacity Logic

Huatai Securities research report points out that after the Spring Festival, pig prices continued to decline. As of March 2, the national average pig price has dropped to 10.56 yuan/kg, hitting a new low since 2022. The report believes that, against the backdrop of pig prices falling more than expected, industry losses are widening, and the culling of breeding sows is expected to accelerate. This is likely to strengthen the de-capacity logic in the pig farming sector, reaffirming the key recommendation of focusing on the pig farming industry. (People’s Financial News)