Pork prices have risen for the eleventh consecutive time—could this be the moment to step into the 'pig cycle'? Analysts are sharply divided.

Pork prices have risen for eleven consecutive weeks, surging over 20%, thrusting the hog farming sector back into the spotlight. However, institutions are divided on whether this marks a rebound or a genuine reversal. Optimists point to deep industry losses, sustained declines in the breeding sow herd, and government-driven production cuts, arguing that a cyclical inflection point is approaching. Cautious analysts warn that secondary fattening merely 'defers supply,' and with weak seasonal demand coinciding with increased output from large-scale producers, pork prices still face downside risks. Entering the 'hog complex' may still represent a left-tail trade.

wallstreetcnJul 9 16:24

Shengnong Development (002299.SZ): Achieved sales revenue of RMB 1.875 billion in May, an increase of 21.28% year-on-year.

Shengnong Development (002299.SZ) announced that the company achieved sales revenue of RMB 1.875 billion in May 2026, an increase of 21.28% year-over-year and a month-over-month change of -2.41%. Specifically, sales revenue from the poultry breeding and processing segment amounted to RMB 1.312 billion, up 13.82% year-over-year and down 2.19% month-over-month; sales revenue from the deep-processed meat products segment reached RMB 1.015 billion, rising 44.05% year-over-year and increasing 1.44% month-over-month.

Zhitong FinanceJun 11 19:24

Shenwan Hongyuan: Agricultural product prices are expected to continue rising in the second half of the year; three key investment themes are recommended.

The darkest phase of the hog cycle has passed, but losses and production capacity contraction continue to accumulate, with both the certainty and magnitude of the turning point strengthening.

Zhitong FinanceJun 10 10:35

Guotai Haitong Securities: Breeding sow capacity for hogs declined at an accelerated pace in May; pet industry—recommend attention to branded new products

The bank remains optimistic about the positive impact of favorable grain prices in 2026 on crop producers, high-quality seed companies (such as Kangnong Seed with its heat-tolerant corn varieties), and agro-processing firms with competitive advantages.

Zhitong FinanceJun 8 09:15

Pork prices remain sluggish while white-feathered chicken holds firm—has the adage 'one pig outweighs a hundred poultry' lost its relevance? Industry insiders: divergent supply-demand dynamics are driving independent market trends.

① Since the beginning of this year, hog prices have continued to decline, while profitability across all segments of the white-feathered broiler chicken industry has remained strong—has the long-standing industry adage that 'one hog overshadows a hundred poultry' lost its validity? ② Industry experts attribute the white-feathered broiler sector’s independent market performance to factors such as expansion into overseas markets, shifting consumer preferences in foodservice, and increased demand driven by pet food production capacity expansion.

cls.cnMay 25 21:31

China Merchants Securities: Decline in pork prices weighs on profitability; leading feed enterprises shine

At the bottom of the cycle, it is recommended to seize the opportunity to enhance the intrinsic value of leading pig farming enterprises and expand the growth potential of leading feed enterprises through overseas expansion.

Zhitong FinanceMay 18 13:44