Pork prices fall + performance under pressure, the cold in the pig farming industry deepens.

Since March, the domestic pork market has been experiencing deepening coldness: on one hand, under the dual pressure of oversupply and weak demand, pork prices have fallen below 11 yuan/kg and are approaching the historical low set in 2018; on the other hand, feed costs for companies continue to rise due to the increase in soybean meal and corn prices, causing the entire industry to fall into deep losses. Faced with the continued downturn in the market, the policy side has begun to send out signals of "bottoming out", from lowering the target for the number of sows to be kept for breeding, requiring top enterprises to reduce the annual slaughter volume, to tightening financial support for expanding farms and promoting precise insurance claims for pig insurance, a comprehensive policy support system is gradually being established.