In August, listed companies saw increases both in sales volume and sales value

By CnAgri2018-09-12 10:30:50 Print According to the published data of seven listed farming companies (Wens Group, Muyuan Group, Zhengbang Technology, Truein Group, TECH-BANK CO., Ltd, TECON, and Longda Meat Foodstuffs Co., Ltd.) on hog sales in August, generally, the sales volume and average selling price both increased significantly. Totally more than 4 million pigs were sold, reaching sales revenue of more than 5.7 billion yuan, which benefited from the increase in domestic pig prices in August.
 
(1) The average selling price of hogs increased by about 10%. Due to the impact of African swine fever, live pigs and frozen pork in affected area have been prohibited from moving to other areas, which resulted in insufficient supply of pork in some consumer areas. The prices of pigs in the southern provinces have risen sharply, which has spurred an increase in national pig price.
 
(2) The pig production capacity of group companies was further released. In the past two years, the pig raising industry was highly profitable, and big farming groups expanded greatly. At present, the newly added capacity of TECH-BANK CO., Ltd, Muyuan Group, and Zhengbang Technology has been gradually released in the first half of 2018, and the slaughter of hogs has increased steadily.
 
(3) The weight of pigs slaughtered decreased to varying degrees, which means that the businesses sold hogs early. Except culling and isolation, there’s no effective treatment for the current disease, and large enterprises will suffer greater economic losses once infected. In order to prevent African swine fever and improve the level of bio-safety defense, most farming groups temporarily stopped selling pigs in batches and changed to one-time sales of all hogs, even in advance.