Zhongxin Futures: It is expected that the pig cycle will continue to decline in the second and third quarters, and is expected to bottom out and rebound in the fourth quarter.

According to a report by Citic Futures, pig prices continued to fall to a new low in the first quarter of 2026, and the downward cycle of the pig industry is accelerating. The current rate of production capacity digestion is still slow, and the MSY (maximum sustainable yield) has been raised, which will delay the turning point of the pig cycle. Citic Futures predicts that the pig cycle will continue to decline in the second and third quarters of 2026, with a possible bottoming out and recovery in the fourth quarter, while also noting the importance of verifying data on new pig births.