--- title: "HuaChuang Securities: Live pig prices fluctuate within a narrow range, with average weights continuing to rise" type: "News" locale: "en" url: "https://longbridge.com/en/news/236334655.md" description: "Huachuang Securities released a research report indicating that the price of live pigs is fluctuating within a narrow range, suggesting that investors position themselves in the pig farming sector at the bottom. The report analyzes the competitive advantages of the pig industry and emphasizes the importance of corporate culture and management. In March 2025, the sales revenue of 14 listed pig companies increased by 28.88% year-on-year, with an average selling price of live pigs at 14.61 yuan/kg. Although pig prices have declined, the pig sector is expected to undergo valuation recovery in the short term under the influence of tariff counteraction sentiment" datetime: "2025-04-17T03:36:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/236334655.md) - [en](https://longbridge.com/en/news/236334655.md) - [zh-HK](https://longbridge.com/zh-HK/news/236334655.md) generator: "portal-rs" --- # HuaChuang Securities: Live pig prices fluctuate within a narrow range, with average weights continuing to rise According to the Zhitong Finance APP, Huachuang Securities released a research report stating that the essence of the pig industry being able to maintain the competitive advantage of leading enterprises compared to many other industries lies in the differences in corporate culture and organizational management. Cultivating outstanding talents on a large scale can reduce costs, which requires a long-term commitment to high-quality corporate culture and the continuous accumulation of a scientific system over decades. In terms of stock prices, the firm believes that the pig sector has already reflected the pessimistic cyclical expectations to a considerable extent in the early stage, and the current position has limited bearishness. In the short term, under the boost of emotions from tariff countermeasures, there is hope for valuation recovery. In the medium term, catalysts include factors such as pig price trends, breeding stock dynamics, and disease situations, and it is recommended to position at the bottom of the pig farming sector. ## The main points of Huachuang Securities are as follows: **In March 2025, 14 listed pig companies achieved a total sales revenue of 25.751 billion yuan, a year-on-year increase of 28.88%, mainly due to the increase in slaughter volume.** Among them, the company with the highest year-on-year growth rate is ZHENGBANG TECHNOLOGY, with a year-on-year increase of 160.00%; the lowest is Tiankang Biological, with a year-on-year decrease of 12.96%. In terms of prices, according to data from Yongyi Consulting, the average selling price of live pigs in March was 14.61 yuan/kg, a decrease of 0.32 yuan/kg compared to February and a decrease of 0.03 yuan/kg compared to the same period last year. Among the 12 listed pig companies (excluding Tangrenshen and HKAIT), due to regional differences in sales, the selling prices of each company varied. Dongrui Group had the highest average selling price at 15.38 yuan/kg, while Tiankang Biological had the lowest at 13.67 yuan/kg; a total of 4 sample companies had average selling prices lower than the national average price of 14.61 yuan/kg reported by Yongyi Consulting in March. At the end of March, the frozen product inventory rate was 16.85%, an increase of 1.82 percentage points month-on-month, and an increase of 1.89 percentage points compared to the beginning of the year. In March, pig prices continued to decline, and slaughter enterprises had the willingness and conditions to store, leading to an increase in frozen product inventory, although the storage capacity rate remained relatively low. In March 2025, 14 listed pig companies sold a total of 17.1335 million pigs, a year-on-year increase of 40.30%. Among them, ZHENGBANG TECHNOLOGY (625,600 heads, yoy +129.92%), Shennong Group (351,400 heads, yoy +105.74%), and Dongrui Group (119,800 heads, yoy +90.76%) had higher year-on-year growth rates. HKAIT (54,500 heads, yoy +26.55%), Huadong Co., Ltd. (228,200 heads, yoy -3.50%), and Tiankang Biological (254,700 heads, yoy +1.74%) had relatively lower year-on-year growth rates. In March, some pig companies experienced a significant month-on-month decline in slaughter volume, mainly due to the early slaughtering during the Spring Festival, which led to adjustments in the slaughter rhythm. **Active slaughtering of large pigs on the breeding side led to an increase in the average slaughter weight in March.** According to data from Yongyi Consulting, the national average slaughter weight of live pigs in March was 128.01 kg, an increase of 2.74 kg compared to February, with a month-on-month increase of 2.19%. In March, the average slaughter weight of commercial pigs disclosed by DBN Group and ZHENGBANG TECHNOLOGY was 123.21 kg and 130.28 kg, respectively, with month-on-month changes of +2.36% and -1.01%. The main reason for the continued increase in industry slaughter weight is the gradual slaughtering of pigs that were raised in the previous period, coupled with the narrowing price gap for fattened pigs, which has enhanced the enthusiasm for slaughtering large pigs on the breeding side Subsequent attention should still be focused on the impact of the two breeding and restocking on the inventory backlog affecting pig prices. In March 2025, the national average sales price of piglets was 37.24 yuan/kg, up 2.87% month-on-month and up 15.98% year-on-year. According to Yongyi Consulting, the average market sales price of 15 kg piglets on March 15 was 647 yuan/head, an increase of 13.45% month-on-month. With rising temperatures and the arrival of the restocking peak season, piglet prices continue to rise. However, as piglet prices increase, the enthusiasm for restocking may be suppressed, and it is expected that the short-term increase in piglet prices may narrow. In March 2025, the profit for self-breeding and self-raising was 42.44 yuan/head, an increase of 5.09 yuan/head month-on-month and an increase of 188.63 yuan/head year-on-year, mainly due to a decrease in breeding costs; the profit for purchasing piglets was -29.12 yuan/head, a decrease of 40.07 yuan/head month-on-month and a decrease of 85.25 yuan/head year-on-year, with the changes mainly caused by the cost of purchased piglets. **Risk Warning:** Fluctuations in pig prices, sudden large-scale uncontrollable epidemics, major food safety incidents, systemic risks in the macro economy, trade frictions leading to significant fluctuations in grain prices, and extreme climate disasters leading to large-scale crop reductions pushing up grain prices ### Related Stocks - [002157.CN](https://longbridge.com/en/quote/002157.CN.md) - [605296.CN](https://longbridge.com/en/quote/605296.CN.md) - [000735.CN](https://longbridge.com/en/quote/000735.CN.md) - [001201.CN](https://longbridge.com/en/quote/001201.CN.md) - [002385.CN](https://longbridge.com/en/quote/002385.CN.md) - [002100.CN](https://longbridge.com/en/quote/002100.CN.md) - [002840.CN](https://longbridge.com/en/quote/002840.CN.md) - [002567.CN](https://longbridge.com/en/quote/002567.CN.md) ## Related News & Research - [FOCUS-Green giant: How Taylor Farms became a top salad supplier before US diarrhea outbreak](https://longbridge.com/en/news/296469939.md) - [US Plains HRW Wheat-Basis flat to up with limited trade](https://longbridge.com/en/news/296655424.md) - [13:39 ETTEAMSTERS, SEN. SANDERS DEMAND ANSWERS ON ST. ALBANS CREAMERY SHUTDOWN PLAN](https://longbridge.com/en/news/296523635.md) - [Ofis Yem Issues TSRS-Compliant 2025 Sustainability Report With Detailed Climate Disclosures](https://longbridge.com/en/news/296263312.md) - [Planned Arctic Economic and Security Corridor All-Weather Road Positively Affects Sixty North Gold's Mon Gold Mine, NWT | SXNTF Stock News](https://longbridge.com/en/news/296360681.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**