300313.CS▲
Livestock farming concept strengthens intraday as hog capacity reduction makes tangible progress
On August 18, the livestock farming concept rose 3.07% intraday. Tianshan Biology gained 20.04%, Tianbang Food rose 10.13%, Luoniushan advanced 9.96%, Western Animal Husbandry climbed 4.95%, and ST Fucheng added 4.21%. According to monitoring by the Ministry of Agriculture and Rural Affairs, the average wholesale pork price in national agricultural product markets on August 17 was 16.03 yuan per kilogram, up 1.6% from last Friday. A research note from Guosheng Securities pointed out that the oversupply pattern in the hog farming industry will persist in 2026, with hog prices hitting a near ten-year low and per-head losses reaching 576.82 yuan, the highest level in history. However, the breeding sow herd has fallen to 39.04 million head, and the number of newborn piglets has declined year-on-year for the first time, indicating that industry capacity reduction has made substantive progress. A research note from Kaiyuan Securities noted that the raw milk supply-demand gap is expected to continue narrowing in 2026, the upstream dairy cow herd will maintain its reduction trend, the pace of industry consolidation is accelerating, and the overall cycle has reached its final stage.