Guosen Futures: It is expected that the sustainability of the current round of pork price rebound is limited.

Guoxin Futures agricultural analyst Qin Duogui said in an interview with reporters that from the consumer side, although the period from November to January of the following year is a time of gradual increase in consumption, the peak consumption season does not necessarily mean that pork prices will rise. "Considering the supply pressure from the previous period of piglet birth and the secondary fattening, it is expected that the sustainability of the rebound in pig prices in this round will be limited." According to information from the Wind platform, including companies such as Wenshi Group and Muyuan Group, there are a total of 7 listed companies in the current pig farming industry. According to the just released third quarter report for 2025, the performance of these 7 pig companies in the third quarter has shown varying degrees of decline, both sequentially and year-on-year. Specifically, the 7 pig companies achieved a total operating income of 70.443 billion yuan in the third quarter, lower than the 75.772 billion yuan in the second quarter and the 78.048 billion yuan in the third quarter of last year; the net profit attributable to the parent company was 5.768 billion yuan, far below the 7.962 billion yuan in the second quarter and the 16.299 billion yuan in the third quarter of last year. Behind this, is the continuous decline in pork prices in the first three quarters of this year, from 21.23 yuan/kg on January 2 to 16.52 yuan/kg on September 30, a sharp decline of 22.19%. And this is just the tip of the iceberg in this round of downturn in pork prices.