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Genesus reports that China's top 20 listed pig companies lost 16.4 billion yuan in the first half of 2023, with total debt of 450 billion yuan. Losses averaged about $30 per head marketed.
Slaughter pig prices rose to 17.21 yuan/kg by September 1 from 14.14 yuan/kg in early July.
Heavy producer losses and high feed costs point to pressure on herd size and feed buying. Recovering hog prices may support feed demand over the coming months, but the sector's financial stress could also limit expansion.
genesus.comSep 6, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
